The IRS has announced a program for small businesses that is similar to the Large Business Fast Track Settlement (FTS) Program. The IRS’s stated goal of the FTS is to “ resolve tax differences at […]
From the Author Archive
Billionaire Beanie Babies founder Ty Warner recently agreed to pay $53.6 million in tax evasion penalties and plead guilty to civil tax evasion. This is the largest foreign account penalty ever reported. Mr. Warner, […]
The U.S. continues its aggressive pursuit of unreported income from foreign bank accounts. But in one Swiss case it did not involve a U.S. taxpayer. Rather it involved a former UBS banker, Martin Lack, […]
This is the fifth, and final, in a series of blogs discussing the rules for expatriates under the 2008 Heroes Earnings Assistance and Relief Tax (HEART) Act. Prior blogs regarding this topic have discussed […]
This is the fourth in a series of blogs discussing the rules for expatriates under the 2008 Heroes Earnings Assistance and Relief Tax (HEART) Act. As previously stated in our prior blogs, there are […]
If you haven’t filed your 2010 tax return, you’re not alone. The IRS reports that almost a million taxpayers have not filed their 2010 return and are most likely due a refund – and […]
This is the third in a series of blogs discussing the rules for expatriates under the 2008 Heroes Earnings Assistance and Relief Tax (HEART) Act. As previously stated in our prior blogs regarding this […]
This is the second in a series of blogs discussing the rules for expatriates under the 2008 Heroes Earnings Assistance and Relief Tax (HEART) Act. There are numerous traps under the HEART Act for […]
If you are a non-citizen, long time resident of the United States, or you’re considering relinquishing your U.S. citizenship, then you should know that the IRS has rules that might affect you and your […]
The Patient Protection and Affordable Care Act, commonly called the “Affordable Care Act” or “ObamaCare” was enacted four years ago and requires all US Citizens to have health insurance or pay a penalty on […]