Month: October 2013

IRS Form 5472 fulfills the reporting requirements outlined in Title 26 United States Code, Sections 6038A and 6038C, and it is used for the reporting foreign corporation to disclose information about certain reportable transactions that occur with foreign or domestic related parties.

Restricted stock is company stock which a corporation gives to an employee. The restriction means that the stock cannot be sold until sometime in the future.

If you, as a federal employee, were expecting favoritism from the IRS, well, you were wrong. Federal employee tax problems get the harshest treatment possible.

We are fortunate that so many of our great clients are kind enough to share their OVDP experience; to give hope and inspiration that any tax problem can be made better. Here are a few Offshore Disclosure  and FBAR Amnesty success stories.

“Thanks for everything” – …

If you have money overseas and you’ve been hearing about the IRS crackdown on people who haven’t reported their offshore bank accounts, you may be feeling anxious about it. The penalties are big enough to wipe out all the money that’s there, and even criminal prosecution is being used against …

If you haven’t filed tax returns, you may think the IRS is going to become hyper-aggressive. While it is possible, it is more likely that the IRS will file the returns for you, inflating a tax bill. Also, you could actually be missing out on refunds …

Although the October 15th tax filing deadline for extensions is not quite as well known as the crazy tax day of the April 15th deadline, this year’s October 15th is shaping up to be nearly as interesting, what with the government shutdown going on. You may be unsure if you’re still required …