Most Americans are familiar with the U.S. Supreme Court, in at least a general way. That is not the case, however, with the U.S. Tax Court.
Can the government restrict your right to travel out of country, just because you have a dispute with the IRS about tax collection?
Life, as the saying goes, is full of choices. For holders of foreign bank accounts, those choices continue to require up-to-date information and an awareness of effective tax strategy.
The IRS is supposed to be accessible to taxpayers. That is why the agency's Taxpayer Advocate service is starting to conduct a pilot project on the use of teleconferences between case workers and taxpayers who have questions.
It's no secret that dealing with the IRS is best done with plenty of documentation. To protect yourself against an audit, or to handle one if it occurs, it's helpful to have your tax records in good order.