History of the Internal Revenue Service’s Voluntary Disclosure Program

This is a two-part blog post on the evolution of IRS voluntary disclosure programs.  The first post traces these programs from their inception through the 1990's.  The second post discusses the programs beginning in 2000 and carrying through to the present day. Overview Since the Justice Department sued UBS in...

Tax Tales: Married Couples Filing Separate Taxes

In today’s age of technology we enjoy access to information at the push of a button. The latest advances in technology not only benefit us greatly, but also the government. After 9/11, the Patriot Act gave the government more access to financial institutions both domestic and foreign. Personal and business financial...

Wesley Snipes to serve three years in federal prison for not filing tax returns

Owing taxes is not a crime, but his willfully not filing a tax return is San Francisco, CA - It is not a crime to owe money to the IRS. If Wesley Snipes had filed his tax returns but couldn't pay he would not be going prison. Willfully not filing is where...

How to deduct unlimited real estate losses against other income while avoiding the pitfalls of tax laws.

Date Published: Dec 08 San Francisco Business Times The Law Offices of Stephen Moskowitz, LLP has seen a major increase in audits and one of the common red flags we are seeing are taxpayers deducting real estate losses against ordinary income. The Internal Revenue Code places constraints on netting real...