Posted in on June 29, 2018
A Washington DC tax attorney provides help to taxpayers who are invested offshore and who are concerned about the ongoing crackdown that has affected many foreign financial institutions.
Read MoreThe Internal Revenue Service (IRS) has a Criminal Investigation Division (IRS-CI) that is responsible for investigating alleged tax fraud and tax crimes. The IRS-CI announced several new enforcement initiatives in August of 2017. Those initiatives are now up and running and are likely to result in more people being prosecuted for tax offenses.
Read MorePosted in on April 30, 2018
In 2009, the IRS launched a voluntary disclosure program for taxpayers affiliated with the United States who had undeclared offshore investment accounts. The voluntary disclosure program was intended to encourage U.S. affiliated taxpayers to come forward, report their accounts voluntarily and pay a reduced penalty. Taxpayers who came forward would also be protected from criminal prosecution if they were eligible to participate in the voluntary disclosure program.
Read MorePosted in on March 26, 2018
Managing Partner of Thorn Law Group, Kevin E. Thorn, discusses the requirements regarding health insurance coverage for U.S. taxpayers and how an experienced tax attorney can reduce – or eliminate – IRS penalties.
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