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California Tax Law Blog

Donations of Art: The Latest IRS Scam

Recently a wave of unscrupulous promotors have encouraged taxpayers in the high-income brackets to purchase various types of art at what they allege to be discounted prices.  The promotors may offer to store the art and arrange for an appraisal for the art before...

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The IRS Tackles High-Income Taxpayers

The estimated amount of unpaid taxes (the “tax gap”) from 2014 through 2016 is nearly $500 billion.  More than half of this amount is due to taxpayers who underreport their income and therefore underpay their tax liabilities. In fact, nearly 80% of the tax gap is made...

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