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Archive by Year:2010 - Page 6

Donating to Haiti Relief Today May Reduce Your Last Year's Tax Liability

Hot Topics

Posted in on January 25, 2010

President Obama signed a law on January 23, 2010 which allows taxpayers to claim a charitable deduction on their 2009 income tax returns for donations made to Haiti relief efforts in 2010.

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ABA Tax Section Meeting, Update on UBS Offshore Accounts in San Antonio

Events

Posted in on January 21, 2010

Location: San Antonio, Texas
Dates: January 21st to January 23rd, 2010

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IRS Launches Employment Tax Audits!

Asset Forfeitures / IRS Audits

Posted in on January 14, 2010

Companies should make sure they are in compliance.

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Another Swiss Banker to Disclose Offshore Account Information: Voluntary Disclosures are Likely to Increase!

Offshore Account Update

Posted in on January 12, 2010

The word on the street is that another Swiss banker is in the process of disclosing information concerning offshore accounts.

 
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As January 15, 2010 Approaches: Two Weeks Remain for Taxpayers to Provide the Internal Revenue Service with Information Concerning Undisclosed Offshore Accounts

Articles & Publications

Posted in on January 10, 2010

The IRS has given U.S. taxpayers participating in the IRS Offshore Settlement Initiative Program (“the Initiative”) until January 15, 2010 to provide additional information to the IRS concerning offshore accounts.  Thus, U.S. taxpayers with accounts in foreign banks have just over 2 weeks to make a complete voluntary disclosure of their accounts to the IRS or risk facing increased monetary penalties – which can exceed the value of the account – and potential criminal prosecution.  Taxpayers who failed to enter the Initiative may still potentially take advantage of the reduced penalty framework by filing before January 15, 2010. 

 

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