U.S. taxpayers who own offshore accounts and certain other foreign financial assets have an obligation to disclose these assets to the Internal Revenue Service (IRS)—provided that their value exceeds the IRS’ relatively modest reporting thresholds. Depending on the nature of a taxpayer’s foreign financial assets, this may entail two separate […]
Categories
- Anti-trust
- Articles
- Audits
- Blog
- Covid-19
- Cyberattacks
- Embezzlement
- FATCA
- Firm News
- General
- Grand larceny
- Identity Theft
- International tax issues
- International tax law
- IRS
- IRS Tax Collection
- Legislation
- Offer In Compromise
- Offshore Accounts/International Tax Disputes
- Online Filing
- pay-roll tax
- State and Local Taxes
- Success Stories
- Tax Controversy
- Tax Crimes
- Tax deductions
- Tax Evasion
- Tax Fraud
- Tax information
- Taxpreparer Investigations
- U.S tax history
- Uncategorized