Tax Law

Recent Posts

The Scariest Tax Form? Scary Is in the Eye of the Beholder
Posted on 18 Mar 2014 by Jack Townsend

Robert Wood has a timely reminder that certain forms, if not filed or filed properly, can create major statute of limitations problems for U.S. taxpayers. Robert W. Wood, Scariest Tax Form? Skip It, And IRS Can Audit Forever (Forbes 3/l3/14), here . The... Read More

Statutes of Limitations for FBAR Noncompliance Related to Tax Noncompliance
Posted on 12 Mar 2013 by Jack Townsend

A person commenting on an earlier blog asked the following question (modified slightly for clarity): Does the statute of limitations for the FBAR penalty (both civil and criminal) toll if the taxpayer is outside the U.S.? I answered at least the... Read More

SCOTUS: 6-Year Statute of Limitations Does Not Apply to Overstatement of Basis
Posted on 26 Apr 2012 by Asbury Law Firm

In a huge win for the taxpayers in this case and many other similarly situated taxpayers, the U.S. Supreme Court handed down its opinion in United States v. Home Concrete & Supply, LLC, 2012 U.S. LEXIS 3274 (U.S. Apr. 25, 2012) . The Supreme Court... Read More