A recent uptick in IRS summons litigation indicates an increase by the Service’s use of summonses to gather information and accelerate investigations. This has been confirmed in a speech given by IRS officials at […]
From the arizona tax attorney Tag
The IRS cracked the bank secrecy laws of Switzerland and it is aggressively pursing tax evaders and their Swiss enablers. But there has never been any reason why the IRS can’t head east and […]
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 […]
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, […]
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 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 Taxpayer Advocate Service (TAS) is an independent organization within the IRS. TAS helps financially distressed taxpayers who can no longer provide basic needs for themselves such as housing, food and transportation. TAS also […]
Taxes are worse than bills on the pain scale. But tax credits can ease the pain, sometimes substantially. A tax credit reduces the amount of tax you must pay. A refundable tax credit not […]