Levins Tax Law
Schedule your initial consultation:
866-485-7019

Posts tagged "Internal Revenue Service"

The IRS sometimes goes after the wages of those with tax debts

For most people, their paychecks from work are their financial lifeblood. Receiving such wages is often an essential part of a person's ability to meet the various expenses they incur as a part of everyday life. Thus, one could imagine how alarming a person would find it if the amount of their wages that actually went to them suddenly dropped significantly. This situation is one that individuals who have a federal tax debt may find themselves in.

Tax preparers, part 2: credentials and legal responsibility

In the first part of this post, we began discussing the importance for millions of taxpayers of choosing the right tax preparer. As we noted, a very basic place to start is with making sure that the preparer has a Preparer Tax Identification Number (PTIN).

Paid preparers and tax compliance, part 1: choosing a preparer

The IRS will begin accepting tax returns for the new filing season on January 20, one week from today. It's a time of year when taxpayers across the country are considering what resources they need to comply with a federal tax code that has become notorious for its complexity.

Crackdown on identity theft and tax fraud

While many federal workers in Massachusetts and elsewhere were furloughed in the beginning of October as a result of the federal government shutdown, many federal law enforcement agents were working to crack an alleged tax fraud scheme centered in South Florida. As a result of the investigation, 45 individuals are facing charges for various tax crimes in 30 different cases.

IRS orders information about foreign bank accounts

Massachusetts residents who possess offshore accounts would do well to follow an ongoing case in which a U.S. District Court judge most recently instructed five unidentified individuals to reveal confidential information about their finances. The judge ordered these taxpayers to divulge information about their foreign bank accounts to a grand jury to potentially use in a federal case against them.While some may argue that the judge had no authority to deprive individuals of their right to avoid self-incrimination, the judge said that individuals do not have the right to refuse disclosure of their bank records to the grand jury. The judge also argued that taxpayers cannot avoid being accountable because they used offshore accounts to try to hide assets. District courts in three other jurisdictions have also ruled that information related to a foreign bank account is not protected by the assertion of a Fifth Amendment right against self-discrimination. Furthermore, these courts have held that information pertaining to foreign bank accounts is governed by the federal government's "Required Records Doctrine."

Fenway Park hits tax credit homer with new historic title

Boston, already full of historic places and American treasures, can now officially add one more to the tour; Fenway Park. The hundred-year-old ball park will forever be protected with its new designation on the National Register of Historic Places. As a thank you for all the preservation work done on the stadium the federal government will return at least $40 million in tax credits to the team.

IRS softens consequences for tax evaders with offshore assets

The Internal Revenue Service has its hands full conducting investigations into tax evasion. Until recently, any investigation into this area was made harder because many tax evaders would hide their assets overseas. Unless declarations were made of these assets, the Internal Revenue Service would not be able to track them. However, in Massachusetts and elsewhere in the United States, the Internal Revenue Service is using a more direct strategy by providing reduced penalties and no jail time for tax evaders to come clean.

Email Us For a Response

Resolve Your Tax Problems

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Framingham Office
1671 Worcester Road
Suite 304
Framingham, MA 01701

Framingham Tax Law Office

Boston Office
38 Newbury Street
6th Floor
Boston, MA 02116

Boston Tax Law Office

By Appointment Only