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U.S.A. v. Zwerner

June 6, 2014 Tax Report at WSJ Offshore account holders take note: In what experts call a big win for the Internal Revenue Service, a Miami jury has found that a millionaire could owe penalties of $2.2 million on a secret Swiss bank account that held…

Seattle council approves minimum wage boost to $15.

Breaking news! The Seattle City Council voted unanimously Monday to raise the city’s minimum wage in stages to $15 an hour.The measure will give Seattle the highest minimum wage among major cities. But the $15 level won’t come right away…
Categories: Tax Blog

IRS Released Forms 8966 & 1042 Updated For FATCA Reporting Requirements (by Ronald Marini, Esq.)

“On March 5, 2014 the Internal Revenue Service released new versions of three critical forms to help financial institutions and withholding agents meet the requirements of the Foreign Account Tax Compliance Act, including draft versions of For…
Categories: Tax Blog

IRS Guidlines: Amending Returns for the Same-Sex Couples (published on April 24, 2014).

“This year, many same-sex couples may want to consider filing amended returns. A same sex couple, legally married in a state or foreign country that recognizes their marriage, is now considered married for tax purposes. This is true regardless…

What Same-Sex Couples Should Know About Recent Immigration Reforms (by Steve Maggi).

“On June 25, 2013, the United States Supreme Court found key sections of the Defense Of Marriage Act (DOMA) to be unconstitutional. Soon after the decision was announced, the Obama administration ordered federal agencies and departments to modi…

Особенности налогообложения США: Грин Карта v. Неиммиграционная Виза.

Вам наверное известно насколько скрупулезно американская налоговая инспекция относится к выявлению налогоплательщиков избегающих уп…

Liens and Levies Make the IRS a Collection Agency on Steroids (by Michael DeBlis, Esq.)

A great article explaining the IRS tax lien process (by Michael DeBlis, Esq.). “A federal tax lien removes the term private from your private property. It is, in the lexicon of the IRS, “the government’s legal claim against your property w…
Categories: Tax Blog

IRS Tax Relief via Bankruptcy Discharge.

IRS Tax Relief via Bankruptcy Discharge. When a taxpayer is facing the threat of enforced IRS collection proceedings, another alternative is to file a bankruptcy petition. Most people mistakenly believe that federal income taxes are never dischargea…

Ten Things to Know about IRS Notices and Letters.

IRS Tax Tip 2014-60, April 22, 2014 Each year, the IRS sends millions of notices and letters to taxpayers for a variety of reasons. Here are ten things to know in case one shows up in your mailbox. To read more, click here: http://www.irs.gov/uac/New…
Categories: Tax Blog

An Offer in Compromise - an encouraging opinion!

I came across this LinkedIn post and would like to share it with my Tax Blog readers: “An Offer in Compromise is a valid alternative to a balance due case (in many circumstances)….”  by Frank Donahue, EA Tax Consultant/Tax Contr…
Categories: Tax Blog

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