FinCEN (Financial Crimes Enforcement Network) has recently been investigating and examining businesses involved with virtual currencies such as Bitcoin.  In fact, on May 5, 2015, FinCEN announced the first civil enforcement action stemming from a virtual currency provider.  FinCEN and the United States Attorney General Office for the Northern District of California assessed a $700,000...Read More

The filing of a federal tax lien by the Internal Revenue Service creates many issues and questions when property is held jointly.  Related issues can arise when the Internal Revenue Service files a tax lien against a party, and the party holds an interest in property but the other owners of the property have no...Read More

Form 114 is the form used to report financial interests or signatory authority over foreign financial interests as required under the Report of Foreign Bank and Financial Accounts.  The form is filed yearly, and electronically with the Financial Crimes Enforcement Network (FinCen).  It is important to note that Form 114 is filed separately from your...Read More

If you are being audited by the IRS, the IRS may request that you sign Form 872, which extends the amount of time the IRS has to assess you additional tax.  In essence, you are agreeing to extend the statute of limitations the IRS has to assess you additional tax.  Whether or not you agree to...Read More

There are certain requirements for the reporting of Foreign Bank and Financial Accounts, also referred to as FBAR.  Recently, I was asked, where did the Department of Treasury obtain authority to require such reporting and obtain information on certain accounts those holding signature authority or an interest in such account. The Bank Secrecy Act (BSA)...Read More

How do I extend the filing of my tax return?  What form do I file with the Internal Revenue Service to file for an extension on my tax return?  As a tax attorney, these are common questions I hear from individuals, especially as the April 15th tax deadline gets closer and closer.  The article below...Read More

Receiving a levy from the IRS, whether it is an IRS bank levy or IRS wage levy is frightening, upsetting and can create a financial disaster.  If you owe taxes to the IRS, there are ways to stop an IRS levy.  The video below has been prepared by a Denver tax attorney to provide additional...Read More

Can a IRS tax lien be released?   This is a common question asked of a tax attorney when an individual or business owes taxes to the IRS and the IRS has filed a tax lien.  The answer is, yes, a tax lien can be released under certain situations and circumstances.  The video below has...Read More

If you filed a tax return with the IRS married filing joint and you were unaware of the issues or matters that eventually lead to a tax debt with the IRS, you may be able to obtain relief from the IRS through innocent spouse relief. The video below has been prepared by a tax attorney...Read More

Under certain circumstances a taxpayer may find themselves in United States Tax Court or have the ability to petition the United States Tax Court regarding a tax matter with the Internal Revenue Service.  The US Tax Court is a “travelling” court in the sense that it is not always in session in all of the...Read More