irstaxlitigation Blog

Mark Your Calendars Now to Get Ahead of New Filing Deadlines

On July 31, 2015, President Obama signed into law the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015. With transportation funds scheduled to run out within the week, Congress took care to pass the measure quickly.Just a few days after its introduction in the House of Representatives, this “band aid” bill was […]

FBAR from an Examiner’s Viewpoint: A Quick Look at How the IRS Assesses Penalties

For the Internal Revenue Service, the difference between tens of thousands of dollars all comes down to three letters that make up one important prefix: non. As the IRS looks at untimely filed Reports of Foreign Bank and Financial Accounts (FBAR), the question that determines how much tardy reporters will be penalized boils down to […]

A Grim Outlook for Michael Grimm

Twenty years, to three years, to eight months. That was the time that former U.S. Representative Michael Grimm faced for tax related charges originally outlined in a 21 count indictment brought against him in April 2014 that he promised to “fight tooth and nail” until his eventual exoneration. Grimm, a Republican from New York, managed […]

Uber: Driving the Discussion on Worker Reclassification

Remember a world without the accessibility and ease of Uber? Founded in 2009, Uber has brought the convenience of ridesharing to consumers in cities around the world.  At the same time, Uber has grown into a giant thorn in the side of two very distinct entities: your local taxi company, and the tax system that […]

The Intersection of FIFA and FBAR

As far as Americans and sports are concerned, it is a safe bet that most people associate the word “football” with the National Football League, or NFL. However, the recent debacle surrounding the Fédération Internationale de Football Association, or FIFA, has brought the “other” game of football (better known in the U.S. as the sport […]

Taxing Marijuana: How one obscure law can cost business owners thousands

As of today, 23 states have legalized marijuana in some form. Some, like Oregon and Colorado, permit recreational use of the drug; others, like Maryland and Delaware, have only legalized marijuana for medicinal purposes. While the possession limits vary from state to state, there is one sticking point that exists across the span of states […]