Month: July 2014

On June 18, 2014, the IRS announced significant (and mostly helpful) changes to all Offshore Voluntary Disclosure Programs (OVDPs). Update February 2017: There have been few pre-clearance changes to speak of since 2014. Once difference is that the IRS says it will start auditing those who filed a pre-clearance and nothing else along with…

Finding out that someone you trusted has embezzled from you – – – there’s really not much more of an awful feeling. You ask yourself “why did they feel like they were entitled to steal from you when you were so nice to them.” Well, here’s the thing. It happens. It happens a lot. And many …

If you have ever run a business, and if you ever ran a little bit short in the cash flow department, you likely know the temptation of paying your employees their net pay, but shorting the government its “fair share” in the form of 941 payroll taxes.  It is sort of like a guaranteed loan — with a 100% …