If you have investments in foreign banks or tax havens, the chances are good that you are aware of your offshore reporting obligations. But if the acronyms FATCA and FBAR have you puzzled, we can help.
Read MoreTo identify and reduce tax evasion through offshore tax accounts, US citizens are required to annually report assets held in foreign bank accounts. FATCA is a regulation that requires just such a filing.
Read MorePretty much any kind of correspondence from the Internal Revenue Service (IRS) is enough to ruin at least lunch. Receiving notice of an IRS civil tax audit can send a quiver of anxiety through anyone. To provide a heads-up on avoiding tax...
Read MoreOffering an example of one of its “Dirty Dozen Tax Scams,” the Internal Revenue Service (IRS) permanently barred a tax professional from preparing tax returns for others.
Read MoreA 64-year-old man with a history of tax controversy pled guilty to tax crimes that will land him in prison for the next six years.
Read MoreBritain has finally given in to pressure to require greater transparency from its far-flung territories on tax concerns.
Offshore tax havens with lax regulatory environments are the bane of legitimate governments everywhere. Using these tax...
Read MoreA recent payroll tax case prosecuted by IRS criminal tax investigation agents drives home a message about the importance of accurate payroll records and tax payments.
Read MoreTax season is coming to a close—or is it?
Read MoreBoo Boo made a boo-boo. A fraudster with the handle “Boo Boo” is heading to prison for 30 years on multiple counts of tax fraud, identity theft, and federal tax crimes.
Read MoreThe self-proclaimed “Tax Beast” was recently sentenced to three years in prison and ordered to pay $892,902 to the Internal Revenue Service after filing fraudulent tax returns. The criminal matter reminds others of the powerful reach of the IRS and...
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