How US taxation of foreign Income works
The rest of the world does not do what the IRS does
American exceptionalism is a philosophy that refers to the special character of the United States as a uniquely free nation based on democratic ideals and …
Month: November 2014
London Mayor refuses to pay IRS bill (he probably doesn’t owe)
One way to deal with an IRS international tax problem: Boris Johnson has revealed that he is refusing to pay a tax demand issued to him by US authorities – despite previously lambasting the US embassy in …
Is the IRS restricting passports?
In what looks like a certainty to be passed into law, the House and Senate have separately passed versions of a highway bill that includes the necessary language to restrict the passports of those owing over …
The devasting failure of the Bank Secrecy Act of 1970
The Bank Secrecy Act of 1970 (BSA) was not intended as a way to catch those engaging in menial tax evasion, but rather as a tool to help federal prosecutors fight the worst of the worst: international criminal syndicates who were daring and powerful enough to make prosecution a nightmare. Unlike …
What is the IRS collection process?
Whether you have just learned that you owe money to the IRS, or have had a lingering tax problem for many years, in this article we will explain the three phases of the IRS collection process.
