October 3, 2019

What Are the U.S. Tax Implications of Receiving Gifts from Foreign Citizens?

When one individual gives property to another without receiving payment in return, the property is generally considered to be a “gift” for tax purposes. Depending on […]
September 29, 2019

How Have IRS Budget Cuts Affected Federal Tax Enforcement?

The Internal Revenue Service has been hamstrung by a series of budget cuts in recent years, with its workforce shrinking by more than 15% from 2013 […]
September 25, 2019

What Are the Options for Former U.S. Citizens Who Are Ineligible for the New IRS Expat Relief Procedures?

Earlier this September, the IRS announced new relief procedures, aptly named the “Relief Procedures for Certain Former Citizens,” for U.S. expats with histories of non-willful income […]
September 24, 2019

IRS Making Limited-Time Settlement Offers to Eligible Taxpayers Involved in Micro-Captive Insurance Fraud

If you have participated in micro-captive insurance schemes, the following information may impact you directly. Earlier this month, the Internal Revenue Service posted an announcement stating […]
September 19, 2019

IRS Announces New Relief Procedures for U.S. Expats with Unresolved Tax Compliance Issues

Each year, anywhere from several hundred to several thousand U.S. citizens renounce their citizenship, becoming expats in countries like Vietnam, Switzerland, and Mexico. In 2013, the […]
September 2, 2019

How the IRS Uses Big Data Analytics to Catch (and Punish) Tax Evaders

The rise of Big Data has revolutionized the way that consumers interact with businesses, with each other, and with their governments. Like government agencies all over […]