While most Internal Revenue Service (IRS) inquiries are civil in nature, many involve criminal allegations. IRS Criminal Investigations (IRS CI) is the agency’s division primarily tasked with investigating federal tax crimes, and it works with U.S. Attorneys around the country to pursue charges for tax fraud, tax evasion and other offenses.Read More

Investing in artwork provides access to a number of potential tax advantages at the federal level. For collectors and investors who wish to donate pieces in their collections to charity, timing and structuring artwork donations strategically can offer substantial income, gift and estate tax savings. In this second part of our two-part series on tax mitigation strategies for art collectors and investors, we are covering some of the primary ways in which a Boston tax lawyer can assist with maximizing the tax benefits of donating artwork to charity.Read More

For art collectors and investors, there is a significant amount of tax savings to be had—if you know how to plan and structure your transactions correctly. This applies to acquisitions and sales as well as donations to charity. In this two-part series, we will be discussing the various ways in which art collectors and investors can minimize their tax burden with the help of a Boston tax attorney. Here in part one, we are covering the tax advantages that can be achieved through strategic artwork purchases and sales.Read More

You filed your 2020 income tax returns with the Internal Revenue Service (IRS), and you assumed this meant that you were done thinking about your taxes until next year. But, you have just received an audit letter from the IRS, and now you are wondering what – if anything – you need to do to make sure you (i) do not pay more than necessary, and (ii) are not at risk for facing allegations of federal tax fraud.Read More