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News & Events

Archive by Year:2018

Avoiding Taxes Versus Evading Taxes: What You Need to Know

News

Posted 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 More

Trouble Paying Your Taxes? Consider Making an IRS Offer In Compromise

News

Posted 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 More

Bribery or Gift? Running Afoul of the FCPA Can Land You in Jail and Your Company in Ruins

Offshore Account Update

Posted 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 More

Anti-Money Laundering Protocols Every Small Business Owner Needs to Implement

News

Posted 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 More

Tax Compliance For Overseas Retirees

Offshore Account Update

Posted 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.Read More

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