Month: April 2015

The IRS Fresh Start Program isn’t just for your benefit. It is for the IRS. The program is designed to help individuals and small businesses with overdue tax liabilities, and it also has the benefit of helping the IRS by removing taxpayers from its vast collection inventory. The IRS Fresh Start s a bit of a win-win — the initiative makes it easier for individual and small business taxpayers to pay back taxes and also avoid tax liens (or get them withdrawn). In this article, we will give you the overview of how its been helping our clients.

One of my cases at IRSMedic was with a client named Samantha. Instead of having one of the more clean-cut cases, she was the unfortunate participant of an overseas and foreign bank account reporting disclosure case. She had inherited an investment fund from her mother, and her mother had …

To succeed in an IRS tax debt forgiveness program you need to know what you’re up against. Let me tell you about Steve. In 2011, Steve was in a really bad place. He had just gone through a prolonged, nasty divorce, and his one-man landscaping business had recently gone under. That would be bad enough, but we also have to throw in that his business had run up a six-figure tax liability. Like so many of our clients, Steve’s IRS tax problem stemmed from striking out on his own in hopes of building a fruitful and independent life.

My first impression is this. The IRS made some significant errors and Mr. Moore’s legal team is on top of things.  The district court made a few errors, yet stated some parts of the law exactly correct and reached a hopefully surprising conclusion — one that may turn the tide against the terror of IRS FBAR penalty wins.

Foreign life insurance plans are considered non-qualified insurance by the IRS, and as such, taxpayers are required to calculate and pay tax on what the IRS deems to be “income on the contract.” It’s not a very well known obligation for foreign filers, and neither professional tax software …

A really solid accounting firm that we have collaborated with several times had a client with a foreign pension distribution that he mistakenly failed to declare. The accounting firm took the initiative and directed their client to seek…

Making an offshore voluntary disclosure is easy. Slap together a few documents and you’re done, right? Well, not so fast…preparation is the key. Putting together a sloppy voluntary disclosure will only lead to more problems. How? For starters, your submission will be reviewed by an actual…