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The Impact of DOGE Cuts on IRS Tax Audits and Investigations

24 February, 2025

Tax professionals may be assessing whether the Department of Government Efficiency (DOGE) under the Trump administration will affect ongoing (and future) IRS audits and investigations. Recent highly publicized changes suggest a substantial impact. The termination

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Beware the Hawala Network: Tax and Legal Risks

22 February, 2025

Hawala is a method of transferring money without any physical money actually moving. It is described as a “money transfer without money movement.” Hawala is used as an underground remittance network that exists outside of

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Dangers of Using Cash to Pay Wages

15 February, 2025

The IRS closely monitors businesses paying wages in cash for potential employment tax violations. Under IRC § 3402, employers must withhold and remit payroll taxes, and failure to do so can result in Trust Fund

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Conservation Easements: A Dangerous Tax Deduction

8 February, 2025

The IRS is aggressively targeting conservation easements, calling them abusive tax shelters and pursuing audits, penalties, and even criminal charges. Taxpayers who claimed deductions could face full disallowance, massive fraud penalties, and potential prosecution. Promoters,

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New Offshore Tax Evasion Investigation: Trident Trust

31 January, 2025

The John Doe summons remains one of the IRS’s most formidable tools for uncovering tax noncompliance among individuals who seek to evade U.S. tax obligations through offshore activities. Unlike a standard summons, the John Doe

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Parag Patel Esq. speaker at the National Association of Enrolled Agents (NAEA) Seminar “Criminal Tax: What Tax Professionals Need to Know to Help Clients and Themselves”

23 January, 2025

Parag Patel Esq. is a featured speaker at the National Association of Enrolled Agents (NAEA) Seminar entitled “Criminal Tax: What Tax Professionals Need to Know to Help Clients and Themselves” on January 23, 2025. Seminar

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New Seminar “Federal Tax Update: What to Expect for the Unexpecting: What Tax Professionals Need to Know to Help Clients & Themselves”

17 January, 2025

Parag Patel Esq. was a featured speaker at a New Jersey Society of Certified Public Accountants (NJCPA) Seminar for Essex County entitled “Federal Tax Update: What to Expect for the Unexpecting: What Tax Professionals Need

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John Doe Summons: A potent investigative tool used by the IRS

14 January, 2025

The John Doe summons is a powerful investigative tool employed by the IRS to uncover the identities of taxpayers suspected of noncompliance with federal tax laws. Unlike traditional summonses, this device targets individuals or classes

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Improving Voluntary Compliance: Reform the IRS Criminal Voluntary Disclosure Practice

13 January, 2025

The IRS Criminal Voluntary Disclosure Practice (VDP) has long served as an important tool for taxpayers with potential criminal exposure to rectify their noncompliance and meet their tax obligations. However, recent modifications to the program’s

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NJCPA Seminar: “A New Foreign Frontier: Foreign Income & Asset Reporting Update ”

15 December, 2024

Parag Patel Esq. was a featured speaker at a New Jersey Society of Certified Public Accountants (NJCPA) Seminar entitled “ A New Foreign Frontier: Foreign Income & Asset Reporting Update ” on November 23, 2024.

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Live Webinar on U.S.-India Tax Planning: Key Issues, Tax Treaties: Limited Free Registrations Available

9 December, 2024

I am pleased to announce that I will be speaking in an upcoming Strafford live video webinar, U.S.-India Tax Planning: Key Issues, Tax Treaties on Monday, December 16, from 1:00pm-2:30pm EST. Our panel will provide tax counsel

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New IRS Form Simplifies Section 83(b) Election for Restricted Stock

7 December, 2024

Understanding the Section 83(b) Election Employees who receive restricted stock or other property for their services often face a complex tax situation. Typically, income tax is due when the stock vests, meaning when the employee

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Recent Posts

  • Parag Patel Esq. speaker at the National Association of Enrolled Agents (NAEA) Seminar “2025 Mid-Year Update”September 1, 2025
  • The Complex Landscape of FBAR and Foreign Asset Reporting: A Critical Webinar Update for Tax Professionals (Free)August 31, 2025
  • The Department of Justice’s Focus on Employment Tax CrimesAugust 29, 2025
  • Dr. Sriram Case: A Summary of Key Tax and Legal IssuesAugust 28, 2025
  • All Things Appeals Webinar: A Strategic Guide for Tax ProfessionalsAugust 26, 2025

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