Entries by Tax Attorney

How To Know When You May Be A Target In An IRS Criminal Investigation

How To Know When You May Be A Target In An IRS Criminal Investigation A simple mistake, oversight, or your accountant’s malpractice may trigger an IRS criminal investigation. Specifically, unreported income, mismatch of information on a tax return versus third-party reporting information, a false statement, the use of an impermissible accounting or banking service, or […]

IRS Issues Notice Updating Prior Guidance On Taxation Of Cryptocurrency

IRS Issues Notice Updating Prior Guidance On Taxation Of Cryptocurrency On April 24, 2023 the IRS issued Notice 2023-34 as an update to its previous Notice 2014-21 governing taxation of cryptocurrency. The IRS in 2014 issued Notice 2014-21 stating that it treats crypto currency as property for tax purposes. At the time this Notice was issued, […]

New IRS Commissioner Unveils 2023 Strategic Operating Plan – Warning the IRS Is About to Go “Beast Mode”

New IRS Commissioner Unveils 2023 Strategic Operating Plan – Warning the IRS Is About to Go “Beast Mode” Danny Werfel was sworn in as the 50th IRS Commissioner on April 4, 2023. Given the $80 billion in new funding that the IRS is receiving under the Inflation Reduction Act, one of his first tasks is […]