Experienced Tax Attorneys

Call Us Confidentially Now: 703-752-3752

Call us confidentially now:

You Deserve Confidentiality & Trusted Tax Law Experience

Get Help Now

News and Events

Archive by Year:2023 - Page 4

Partnership Tax Audits: The IRS' Role in the Audit

Posted in News, Offshore Account Update on May 19, 2023

Facing a partnership tax audit means dealing with the Internal Revenue Service (IRS). The IRS has prioritized partnership tax compliance in recent years, and audits targeting partnerships can lead to substantial liability not only for the entity but potentially for individual partners as well. Read More

Penalties for Cashing Your Paycheck and Not Paying Taxes

Posted in News, Offshore Account Update on April 28, 2023

When you get a paycheck, you owe a portion of your income to the federal government. The amount you have to pay depends on how much you make, your family circumstances and a variety of other factors. But, generally speaking, if you earn a living in the United States, you must pay taxes to the Internal Revenue Service (IRS). Read More

Dealing with the IRS for Your Partnership Tax Audit

Posted in News, Offshore Account Update on April 14, 2023

Partnership tax audits present substantial risks. If the Internal Revenue Service (IRS) determines that a partnership has underreported or underpaid its federal tax liability, it can impose liability for back taxes, interest and penalties. If the audit uncovers evidence of intentional tax evasion or tax fraud, auditors can also hand over the matter to IRS Criminal Investigation (IRS CI) for further inquiry and a possible referral to the U.S. Department of Justice (DOJ). Read More

Why IRS CI is Targeting Businesses that Received PPP Loans and Claimed the ERTC

Posted in News, Offshore Account Update on March 31, 2023

The Paycheck Protection Program (PPP) and Employee Retention Tax Credit (ERTC) were relief programs intended to help support qualifying businesses during the COVID-19 pandemic. Unfortunately, both of these programs became targets for fraud; and, as a result, IRS Criminal Investigation (IRS CI) is now scrutinizing businesses in Virginia and other states that took advantage of these programs. Read More

Did Your Virginia Business Improperly Claim the Employee Retention Credit (ERC)?

Posted in Hot Topics, News, Offshore Account Update on March 17, 2023

The Internal Revenue Service (IRS) recently announced that it is targeting businesses that have improperly claimed the Employee Retention Credit (ERC). It is conducting both audits and criminal investigations focused on uncovering fraud during the 2020 and 2021 tax years.

Read More

Back to the top