Month: September 2013

You may have had a feeling that something like this would happen. A letter arrived from the IRS, a Notice and Demand for Payment. It would have outlined the taxes they had assessed on you and the amount may have sent you into a tailspin of denial and inaction. Fear does that. It causes paralysis when …

The Offshore Voluntary Disclosure program assesses a penalty on income-producing real estate on which income has not been reported. To put it another way: suppose you are a US person, you own a flat in London and didn’t report …

Why is the IRS cracking down on the international evasion of taxes at this point in time? How can the foreign banks involved be forced to turn over information about people, adversely affecting even…

This is a true story: In 2011, “Steve,”  a taxpayer in New York City, was in serious trouble with the IRS.  He searched the internet for an “IRS tax attorney.” He made the mistake of believing a tax resolution firm in California are actually attorneys (not his fault, they claim to be). He gives them $32,000 …

This is a video I finally got around to doing. I had plenty of time…while on hold with the IRS. Oh yeah…

The State of Connecticut has just rolled out their Tax Amnesty Program that we talked about in July. According to the website: “The Connecticut Tax Amnesty Program is giving you a 60 – day window of opportunity from September 16, 2013 through November 15, 2013 to pay back taxes to the state …

Recently there have been a slew of convictions on charges made by the Department of Justice regarding individuals involved in conspiring to hide their foreign bank accounts by using back – to – back loans. The convictions thus far have been against individuals, but it is said that they, in …

If you have a Notice of Federal Tax Lien filed against you, one rather annoying nuisance is the amount of junk mail that you get from people all over the country who promise to make your life better. In some of this junk mail, they pretend to be the IRS. Junk mail is easy to throw away, …

When we blog about offshore voluntary disclosure issues, we typically focus on the FBAR form, because that is the form that has affected the most people. There are a LOT of people who did not file that form simply because they didn’t know about it. But, there are other forms that you also need to …