The IRS Criminal Investigation Division Releases Its Annual Report for 2017

The purpose of the IRS Criminal Investigation (IRS CI) Division is to investigate criminal violations of the Internal Revenue Code and other related financial crimes to ensure compliance with the law and public confidence in our tax system. Every year, the IRS CI releases an annual report of the agency’s...

Maximize The Tax Benefit Of Charitable Donations Through “Bunching”

Congress may have intended to simplify tax filings by doubling the standard deduction to $12,000 (single) and $24,000 (married filing jointly), but for individuals who itemize and deduct their charitable contributions, the new tax law has made matters a bit more complicated. According to the IRS, a total of 36,624,000...

Los Angeles Business Owner Charged With Income and Payroll Tax Fraud

A successful Los Angeles businessman seems to have missed the part about paying his taxes. Following a cooperative investigation by the U.S. Department of Justice, California Franchise Tax Board (FTB), and California Employment Development Department (EDD) – and facilitated by the Tax Recovery and Criminal Enforcement (TRaCE) Task Force –...

Court Rules that Coinbase Accounts Must Be Reported to the IRS

Last year the IRS issued a “John Doe” summons on all U.S. Coinbase customers who had used convertible virtual currency between 2013 and 2015. Coinbase’s challenge to the summons has failed in part and succeeded in part – a federal court judge recently ordered Coinbase to release information about Coinbase...