Anyone in Massachusetts or elsewhere who follows tax-related news has probably heard about the Robert Smith Case. Mr. Smith is a former student of Cornell, a billionaire and a philanthropist. He is also a person who, over the past few years, has been investigated for...
Accusations of any type of criminal activity can have lasting effects on a person's life. If Massachusetts residents face charges for tax evasion, their situations can understandably seem overwhelming. Fortunately, parties in this type of predicament can defend...
Most Massachusetts residents do not want to tangle with the IRS. They make sure they get their tax returns filed on time and diligently try to report all their income and let the chips fall where they may. However, that does not mean that people want to pay more in...
The IRS tends to pay attention when someone here in Massachusetts or elsewhere does not file a return. In many cases, the individual is not required to file a tax return because he or she anticipates a refund or does not make enough money to be required to do so,...
Between now and April 15, many people here in Boston and across the country will fill out forms intended to go to the IRS. In an attempt not to pay more in taxes than necessary, they will search for the best and most deductions and credits they can use to reduce their...
Accusations of cheating the IRS can result in criminal charges in addition to any consequences levied by the agency. Those who end up facing criminal penalties for tax evasion will often find themselves standing before a U.S. District Court judge. If convicted, an...
When it comes to settling the bill with the IRS, the first thing that pops into most people's heads is personal and business income. While that is the case, the agency does collect other taxes as well. A Massachusetts small business owner who has employees needs to...
The IRS wants the money it believes people here in Massachusetts and elsewhere owe. The agency will conduct investigations when its agents suspect that an individual or business failed to pay any amounts owed. Depending on the results of the investigation, agents will...
Many celebrities use creative accounting techniques in order to avoid paying too much to the IRS, but most of them are legal. On occasion, one of them gets into trouble because they "colored outside the lines" and end up facing charges for tax evasion. One such...
The IRS scored much more than a glancing blow to former action movie powerhouse actor Wesley Snipes this week, with the Tax Court sustaining the Service’s rejection of a lowball offer in compromise settlement. Snipes owes more than $23.5 million in back taxes to...
