What You Should Know about Tax Changes in 2018

With tax year 2017 in the rearview mirror, it’s time to look ahead and begin to plan for 2018. Congress’ massive tax overhaul has implications for everyone who pays taxes in the US. These changes could affect choices you make during 2018, such as the amount you pay in estimated taxes, how you use investment […]

San Antonio Man Pleads Guilty to Wire Fraud and Tax Evasion Charges

A Texas resident who was indicted on federal criminal charges in September of 2017 has now pleaded guilty to wire fraud and tax evasion. Read on to learn more about the case, and contact a Tyler tax attorney if you’re facing federal tax charges. CPA uses tax withholding account to steal funds Brian Perez was […]

IRS Begins Revoking Passports for Those with “Seriously Delinquent” Tax Debts

The Internal Revenue Service has announced that, in January of 2018, it would begin enforcing a law that allows the US Government to revoke passport privileges for those with tax debs deemed “seriously delinquent.” Read on to learn more about the law and whether you’re at risk of having your passport revoked, and contact a […]

Houston Tax Preparer Sentenced to Year in Prison

A man who pleaded guilty to preparing fraudulent tax returns has recently been sentenced to federal prison and will also owe hundreds of thousands of dollars in fees to the IRS. The case is an example of the serious consequences that the Department of Justice can impose when the IRS believes a taxpayer has included […]

Texarkana Man Indicted for Filing Fraudulent Tax Returns

Texas resident Eric G. Hicks has pleaded guilty to conspiring with an Arkansas woman to defraud the IRS through filing tax returns on behalf of fictional employees. His co-conspirator, former Little Rock tax preparer Lakeshia D. Calvin, was slated to go to trial before a federal judge on the related charges also filed against her. […]

Businessman Receives Three Year Sentence for Withholding Millions in Employment Taxes

Earlier this month, the owner of a Houston-based staffing agency was sentenced to three years in prison after pleading guilty for failing to pay employment taxes related to his business. The prosecution had argued that, from 2008 to 2012, Richard Floyd Tatum withheld roughly $12 million in payroll taxes from some 1,000 employees, opting instead […]

Tea Party Groups Settle Class Action Lawsuit targeting IRS

After years of controversy and litigation before a federal judge, the IRS has reached a settlement agreement with a class of non-profit groups associated with the Tea Party movement who were wrongly discriminated against when applying for non-profit status. The controversy began in 2010. Tea Party groups and other politically-conservative nonprofits had noticed that their […]

Congress Wants to Tax Digital Currency

The value of digital currency has skyrocketed over recent months, but because of its constant fluctuations in value, taxing digital currency transactions has proven to be incredibly complex. Congress is hoping to make the reporting process easier with a bill they have introduced known as “The CryptoCurrency Fairness Tax”. What Is “Digital Currency”   Digital […]

Bank of America in Dispute with IRS over $200M in Interest Fees

Earlier this month, Bank of America filed a federal lawsuit against the United States Government claiming it’s owed nearly $200 million in interest previously paid to the Internal Revenue Service (IRS). The suit, which was filed in Bank of America’s home state of North Carolina, focuses on interest that the bank claims it was charged […]

Businessman Receives Three Year Sentence for Withholding Millions in Employment Taxes

Earlier this month, the owner of a Houston-based staffing agency was sentenced to three years in prison after pleading guilty for failing to pay employment taxes related to his business. The prosecution had argued that, from 2008 to 2012, Richard Floyd Tatum withheld roughly $12 million in payroll taxes from some 1,000 employees, opting instead […]