Month: June 2012

The IRS has just clarified its rules and created a new ‘streamlined’ Offshore Voluntary Disclosure Initiative (OVDI) for smaller cases involving expatriates who failed to properly disclose income. The IRS has not legalized or condoned the soft – disclosure and gives the same warning to …

The IRS has just added questions and answers #15 – 23 to the Form 8938 FAQ.

Matt Drudge has a good one today. The master of juxtaposition posts: Even though I know that Switzerland is no longer a sort of  tax haven – – – that the famed Swiss bank secrecy, anonymity, reluctant to extradite anymore for tax crimes (like the pre – pardon Marc Rich )…it’s all gone. …

Susannah Nesmith and David Voreacos at Bloomberg/Businessweek have the scoop: “Former UBS AG (UBSN) client Wolfgang Roessel, accused of failing to report more than $11 million in Swiss accounts to the U.S. Internal Revenue Service, will plead guilty and is helping authorities, a prosecutor said. …

The IRS is working hard to ensure that Americans are unable to “hide” assets overseas. While failing to disclose assets located overseas has always been a violation of the tax code, in recent years the IRS has mounted a serious effort to ensure that all foreign assets are disclosed—and taxed, …

“It’s an Audit of your Story”
I get asked all the time in consultations for Offshore Voluntary Disclosure (OVDI) and Audits, though this explanation is applicable in everything we do, “Why should I hire you rather than my CPA? Why don’t I just represent myself?”  I think this question comes …

If you are dealing with IRS tax problems, we understand the stress that you are going through. Whether you are preparing for an audit, struggling to pay back taxes, or you are caught in a vicious cycle of late payments, penalties, and interest, dealing with the IRS is extremely stressful. Not …