FBAR FAQ: Filing Requirements And What Happens Next

FBAR filing requirements: what purpose do they serve, and why is the IRS in charge of them? When a taxpayer violates the FBAR filing requirements, our FBAR FAQ here shows how it works its way through the labyrinth of the Internal Revenue Service…

Offshore Voluntary Disclosure Initiative: Understanding the Law

The IRS claims that hiding money overseas is one of the top 12 dirty tax scams. According to IRS Commissioner Doug Shulman's press release:


"Illegal scams can lead to significant penalties and interest and possible criminal prosecution. The IRS Criminal Investigation Division works closely with the Department of Justice to shutdown scams and prosecute the criminals behind them."  


But what about the majority of people that simply didn't know that disclosing offshore accounts is even a thing? There is a way out of this dilemma using one of the Offshore Disclosure Programs.

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IRS Offshore Initiatives: Paid For 11 Hours of Federal Spending

The US Treasury spends about 10 billion dollars a day. That works out to about $417 million dollars an hour. So, how many days of revenue did the much – hyped 2009 and 2011  IRS Offshore Initiatives (OVDI) bring in? Hint: Don’t bring a calendar.
DATELINE WASHINGTON: The Internal Revenue …

No Substitute For IRS Attorneys


Attorneys must be capable of solving a taxpayer's outstanding issues with the best possible outcome. That doesn't just mean a rock bottom amount handed over to the IRS or the state. The Attorney must additionally be able to sort out what brought on the matter in the first place.


If you are going to hire an Attorney to help you with your tax issue, make sure they are a Tax Attorney. Only veteran Tax Attorneys understand both the IRS and State Revenue boards which seek to extract money from taxpayers. 

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Successful Plea agreement no unpaid DRS sales and use charge

Ahmed owned a few gas stations around the state. Let’s just say that his accounting techniques were unconventional. But as we discovered, he actually did report most of his sales. It was just that his record – keeping methods were a conglomeration of various policies and procedures he gleaned by …