Month: September 2016

The IRS wants your money. And when you can’t afford to pay your tax liability in full, they’re willing to take what they can get. That is why things like an Offer in Compromise and Installment Agreements were created. The IRS realized they can’t get blood from a stone, but they can get something …

The issue I have with the quoted paragraph is the claim that taxpayers must “identify the country where the account was maintained.” But this is only true if the FBAR…

Saul Hyatt, 53, pleaded guilty today before U.S. District Judge Freda L. Wolfson of the District of New Jersey to an Information charging him with conspiracy to conceal assets in an undeclared bank account held in Panama for his …

A tax return doesn’t mean all that much. It’s just a bunch of numbers that somebody plugs in. Looking at someone’s tax return isn’t…

American Citizens Abroad (ACA) is a great non – profit organization that helps US citizens living and working in foreign countries…

We’ve been in business for over 10 years. Through the years, the firm has grown from a father/son tax fighting duo into one of the most accomplished tax fighting units in the country. We’ve learned a lot over these years; and most of these lessons have been great for our growth. But there was …

There are a lot of advantages to filing an IRS Offer in Compromise (OIC) when you are stuck with a tax bill that you just can’t pay. When you file an OIC, not only is the tax debt gone but the IRS can’t …

It looks like we got a bit too optimistic last week about the initial victory in the Israel Foreign Account Tax Compliance Act (FATCA) case. The temporary injunction issued by Justice Hanan Meltzer which ordered officials to stop work of FATCA implementation has …

Thanks to the Bank Secrecy Act of 1970, U.S. citizens must file a “Report of Foreign Bank and Financial Accounts” if they have a financial interest in, or authority over, “foreign bank accounts” or “foreign financial accounts” that have an aggregate value of …

Some think that tax season only happens in April…but that’s not really true. April is tax refund season. Right now, September to October, is the real tax season. When those who owe substantial taxes…