The I.R.S. will now determine if you can travel internationally
February 29 2016 If you owe the I.R.S., your passport could be cancelled, revoked or not issued. In simple words, the Government Accountability Office was looking at…
Did you know that there is an I.R.S. penalty for lack of accuracy?
March 15 2016 According to the I.R.S., our country is based on a voluntary system of compliance. This means that each citizen (taxpayer) reports their income…
Warning: the IRS could file your return if you don’t, with troubling consequences
March 30 2016 The tax world is clearly becoming more interconnected and globalized with countries exchanging financial information about each other's citizens…
“Red Flags” to the I.R.S’s agents and examiners
March 15 2016 Most Tax returns are ignored by the I.R.S. primarily because I.R.S. is short on personnel and funding. Nonetheless, according to a report from…
Do you know how to survive an I.R.S. Audit?
March 29 2016 First and foremost: An I.R.S. Audit is not an accusation of WRONGDOING. It is what is known as an impartial review to assess return filing accuracy…
Compliance matters: ten steps to select your tax preparer judiciously
May 5 2016 The Internal Revenue Service (IRS) recommends that taxpayers choose their tax preparer wisely. The main reason behind this recommendation is that the…
After the FATCA exchange, foreign investment returns will not be the same
May 5 2016 From this moment forward, a U.S. taxpayer ought to recognize that IRS will have knowledge of a taxpayer's financial assets outside of the U.S. that…
The Panama Papers—a small part of a larger challenge?
April 20 2016 The Panama Papers has become a new buzz phrase. Information contained in the Panama Papers illustrates the dangers of noncompliance for U.S…
Do you know how to survive an I.R.S. Audit? Find out here…
April 20 2016 First and foremost: An I.R.S. Audit is not an accusation of WRONGDOING. It is what is known as an impartial review to assess return filing accuracy…
¿Ha recibido una Carta FATCA?
March 31 2016 Muchos Expatriados Estadounidenses están recibiendo Cartas FATCA de los bancos del extranjero alrededor del mundo. Los bancos están enviando estas…
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