Experienced Tax Attorneys


Call Us Confidentially Now: 617-692-2989


Call us confidentially now:
617-692-2989


CALL US CONFIDENTIALLY NOW: 617-692-2989

You Deserve Confidentiality & Trusted Tax Law Experience

Get Help Now
Arts Cannabis Entertainment Real Estate Sports
Arts Cannabis Entertainment Real Estate Sports

News

Archive by Year:2020

IRS-CI is Targeting Tax Fraud Related to the COVID-19 Crisis

Articles/News

Posted on October 30, 2020

Facing scrutiny from Internal Revenue Service Criminal Investigations (IRS-CI) is a serious matter. As the division’s name suggests, IRS-CI investigates allegations of criminal tax fraud, and IRS-CI investigations can lead to charges that carry substantial fines and long-term federal imprisonment.Read More

What is FATCA and Why is it Important to U.S. Taxpayers with Offshore Accounts?

Offshore Account Update

Posted on October 16, 2020

As a U.S. taxpayer, you are obligated to report your foreign assets to the federal government, and you must pay federal income tax on your worldwide income from all sources. While there are exceptions to these general rules (i.e. certain small assets do not need to be reported, and there are various tax exemptions for foreign-derived income, just as there are for domestic income), if you have offshore accounts, it is imperative that you work with an experienced Boston international tax attorney to make sure you are in compliance.Read More

IRS Publishes Federal Tax Resources for Cannabis Businesses

Articles/News

Posted on September 30, 2020

As reported by Forbes.com on September 14, 2020, the Internal Revenue Service (IRS) recently published a webpage devoted to tax compliance for U.S.-based cannabis businesses. With states across the country taking varying approaches to legalizing and decriminalizing marijuana, and with marijuana remaining a Schedule I controlled substance at the federal level, navigating tax compliance is an extraordinarily complex task for cannabis businesses, and business owners who wish to avoid unwanted scrutiny from the IRS need to work with an experienced Boston tax lawyer to avoid costly mistakes.Read More

5 Real-Life Examples of Taxpayers Avoiding Substantial Penalties Through Voluntary Disclosure

Articles/News, Offshore Account Update

Posted on September 23, 2020

The Internal Revenue Service’s (IRS) Voluntary Disclosure Practice affords U.S. taxpayers the opportunity to avoid substantial liability in the event that they have failed to timely disclose their offshore accounts—as required by federal law. The Voluntary Disclosure Practice is not available to all taxpayers in all circumstances, and it does not afford the ability to completely avoid liability in most cases, but it can help taxpayers avoid tens of thousands, hundreds of thousands or even millions of dollars in IRS penalties in many circumstances.

Read More

IRS Issues Another Round of “Educational Letters” to Cryptocurrency Holders

Articles/News, Hot Topics

Posted on August 31, 2020

Last summer, we reported on the Internal Revenue Service’s (IRS) issuance of more than 10,000 “educational letters” to U.S. taxpayers who were suspected of underreporting and underpaying their federal income tax liability with respect to their cryptocurrency holdings. On August 14, 2020, the IRS sent another round of letters to cryptocurrency investors in Massachusetts and across the United States. If you received one of these letters, you will need to review the letter carefully, and it will be important for you to speak with a Boston IRS tax lawyer promptly.Read More

Back to the top