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Advisors working with clients who are sophisticated investors need to let them know that that they could be in the sights of the IRS. This is especially true if …
The recently approved Foreign Account Tax Compliance Act (FATCA) contains a number of provisions that are intended to make it more difficult for U.S. taxpayers to use…
Universal Taxation: The IRS has the authority to tax you anywhere for any income derived from any source, whatsoever. This universal power has caught many people by surprise — especially expatriates and resident aliens, when it comes to foreign bank and investment accounts.
Why don't we ask someone more imaginative than me to explain the Universal Tax Jurisdiction of the IRS? Let's say, the creator of Star Trek the Next Generation, and noted tax expert, Gene Roddenberry.
The IRS has picked its next target: American customers of HSBC. US citizens and certain aliens with accounts in India and Hong Kong are…
As the IRS attempts to close the so – called tax gap, it has one more tool in order to catch folks not reporting all their income. Under the new regulations, “third party settlement organizations” (read: Paypal) must …
Yes it is. A Federal Tax Lien will be recorded in the records or courthouse (depending on where you live). Typically, national tax “relief” firms then get the names and even phone number to solicit taxpayers and make unsubstantiated …
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