Scariest Tax Form? Omit It, And IRS Can Audit You Forever
March 1, 2016
on Scariest Tax Form? Omit It, And IRS Can Audit You Forever
Before you file your taxes, consider how long you must look over your shoulder. In many cases, the IRS has three years to audit. The three years is doubled to
5 questions to ask clients with international ties
July 23, 2015
on 5 questions to ask clients with international ties
With the tremendous amount of wealth transferring into and out of the United States, more and more CPAs are encountering clients with international ties.
US penalty imposition on international tax compliance
April 4, 2015
on US penalty imposition on international tax compliance
As many are aware, the IRS has devoted more attention and resources to international-related tax compliance. There are well-documented reasons for this
IRS Voluntary Disclosure Regime Expands Maximum Penalty Bracket
March 31, 2015
on IRS Voluntary Disclosure Regime Expands Maximum Penalty Bracket
The IRS recently announced an expansion of the list of banks and advisors that trigger the highest penalty bracket within its Offshore Voluntary Disclosure
What’s new in offshore tax compliance?
March 23, 2015
on What’s new in offshore tax compliance?
<p> Two financial institutions have been added to the 50% penalty list, and the IRS has made clear that streamlined compliance will require some effort
Final rules govern reporting of specified foreign financial assets
January 7, 2015
on Final rules govern reporting of specified foreign financial assets
Individuals who are required to report interests in foreign financial assets to the IRS got guidance on the process in the form of final regulations (T.D.