NewsPosted in on December 31, 2018
The U.S. income tax system is based on the idea of voluntary compliance, a sort of honor system that relies on individual taxpayers to report their income freely and voluntarily, calculate their tax liability honestly and correctly, and file a tax return on time.
Read MoreNewsPosted in on December 21, 2018
Sometimes business owners find themselves unable to meet their business tax obligations to the Internal Revenue Service. If your business meets certain criteria, you may be able to extinguish your tax liability by paying only a portion of your actual tax bill. While a Washington DC business tax attorney can help you decide if your particular circumstances are ripe for an IRS Offer in Compromise, the following provides an overview of the IRS OIC program.
Read MoreOffshore Account UpdatePosted in on November 30, 2018
The federal Foreign Corrupt Practices Act makes it unlawful to bribe foreign officials for favors that will result in financial gain.
Read MoreNewsPosted in on November 16, 2018
Money laundering is a federal crime that can land a business owner in prison for years and cost him or her potentially tens or even hundreds of thousands of dollars in penalties.
Read MoreOffshore Account UpdatePosted in on October 31, 2018
Keeping up with the ever-changing tax reporting laws can be overwhelming. And if you are either a United States taxpayer who has retired overseas or are one who is contemplating retiring outside of the country, you need to know that there are additional IRS obligations to meet. If you fail to understand and meet these additional obligations, you could make errors resulting in substantial penalties.
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