Month: January 2015

In a stunning turn of events, according to news reports from The Tico Times, on January 27th, the Constitutional Chamber of the Supreme Court ruled that it is possible for a tax law to be unconstitutional. The Constitutional Chamber of Costa Rica, informally known…

IRS Foreign Income Tax Returns: Important 2015 Deadlines

Last week, I wrote an article about the 2015 tax filing deadlines for domestic filers. As promised, here is the 2015 tax filing deadlines for foreign individual filers. I think you will see why it took me some time to draft …

Fred owned a package store in Willimantic. In 2008 he was audited by the State of Connecticut for sales and use taxes. Fred’s CPA tried to help, but wasn’t able to convince the auditor that Fred’s sales were actually what Fred originally claimed. So the Department of Revenue Service (DRS) …

I have interviewed ex- and current employees of these tax resolution scam outfits to find out some juicy tidbits. What they are trained to tell people, and then what happens after the sale is made. I explain typical…

January 20, 2015 marked a start for a tax filing season that is going to be different from all previous ones. The reason being is Affordable Care Act (ACA), and its requirement to report ownership of health …

Will attorney – client privilege protect you from a John Doe summons?
Popular belief seems to suggest that attorney – client privilege covers everything. Well, I hate to be the bearer of bad news, but it really doesn’t. A recent summons on the part of a New York judge has brought this reality …

There are tax changes for the 2015 tax season for 2014. In this article, I will discuss some of those changes, beginning with the Obamacare Tax.

Important 2015 IRS tax filing deadlines for domestic filers
Here is a schedule of 2015 IRS tax filing deadlines for domestic US taxpayers – – – individuals and entities. If you a US expatriate or are looking for IRS deadlines for foreign entities, look for a separate reference guide which …

This is going to be a different kind of success story. I’m going to talk about what you, as the taxpayers, need to do to have success during an Offshore Voluntary Disclosure Program/Initiative (OVDP/OVDI) Opt – out audit.