IRS

July 14, 2020

The IRS is Targeting the Illegal use of Micro-Captive Insurance Companies in 2020

The IRS is Targeting the Illegal use of Micro-Captive Insurance Companies in 2020 One of the things IRS agents and auditors greatly frown upon is the […]
July 13, 2020

FBAR Non-Willful Penalties are Now “Per-Form,” Not Per-Account

FBAR Non-Willful Penalties are Now “Per-Form,” Not Per-Account Each year, thousands of U.S. taxpayers who hold assets overseas or money in offshore bank or financial accounts […]
July 9, 2020

New York Real Estate Negotiator Pleads Guilty to Tax Evasion

According to a Department of Justice press release, a New York City businessman recently pleaded guilty to tax evasion after being investigated for failing to file […]
July 6, 2020
How Many Years Does the California Franchise Tax Board Have to Collect a Debt from a Disability Recipient?

Does Bankruptcy Clear Tax Debt in California?

Many individuals and businesses consider filing for bankruptcy to try to get back on the right financial track. This consideration often comes with many questions specific […]
July 3, 2020

Is Trade / Barter Taxable by the IRS Even if No Money Changed Hands?

When people think of reporting to the IRS, they generally think in terms of situations where money changes hands between parties, such as an employment relationship […]
July 1, 2020
What Do the Paradise Papers Reveal About Offshore Tax Havens?

2020 Updates to the IRS OVDP (Voluntary Disclosure) Program

Each year, thousands of Americans utilize foreign bank or financial accounts and employ foreign income-generating assets. Just because these assets are in a foreign country, however, […]