- November 10, 2021U.S. DISTRICT COURT DECIDES FBAR PENALTY STATUTE OF LIMITATIONS WAIVED AND ASSESMENT OF NON WILLFUL FBAR PENALTIES PER ACCOUNT The U.S.…
- June 5, 2021The Government will examine efforts by a Taxpayer to avoid detection by the Internal Revenue Service, when deciding whether to…
- November 16, 2020The Biden Tax Proposal, if enacted, will have a significant impact on estate planning for those who have failed to…
August 28, 2020Why it's a Very Bad Idea? A taxpayer who owes or anticipates owing a substantial amount of income tax to…
August 27, 2020Duration the IRS Has to Assess Federal Income Tax? The statute of limitation for assessment purposes represents the last day…
August 22, 2020Understanding Global Income Tax Systems Understanding how and when the United States imposes federal income tax on its U.S. Tax…
August 8, 2020IRS Hard at Work Despite the Pandemic Individuals, who have failed to report their foreign financial accounts, may feel a…
July 8, 2020Should FBAR non-willful penalty be charged per form or per account? The Courts have recently addressed the issue of whether…
July 8, 2020Cash intensive businesses Operating a cash intensive business is often accompanied by poor record keeping as well as the lack…
July 3, 2020Florida man pleads guilty to tax evasion and hiding funds around the world In April 2020, a Florida man pleaded…
