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 …

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.