The IRS has the option to charge you with civil tax fraud. It can also conduct a criminal investigation and turn your case over to the DOJ for prosecution. The agency maintains the discretion about which course of action to…
Under federal law, individuals and businesses are required to submit their tax returns by April 15 of each year. As an individual, you can request an extension that gives you until October 15 to file your return, provided that you…
Some studies suggest that there is a large “crypto tax gap” that the IRS is trying to close. A tax gap is the difference between the amount of taxes that should be paid and the amount that is actually paid.…