From the Author Archive

IRS Announces Fast Track Settlement Program For Small Businesses

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 […]

Beanie Babies Founder pays $53.6 million penalty for $885,300 of unpaid taxes on foreign income.

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, […]

Swiss Banker Surrenders To U.S. Authorities

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, […]

Matters of the HEART (Act) – Part Five

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 […]

Matters of the HEART (Act) – Part Four

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 […]

IRS Reports Time Expiring to Claim $760 Million in Refunds for 2010 Tax Returns

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 […]

Matters of the HEART (Act) – Part Three

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 […]

Matters of the HEART (Act) – Part Two

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 […]

Matters of the HEART (Act) – Part One

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 […]

Here Comes The Health Care Tax Penalty

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 […]