News & Events
Archive by Year:2019 - Page 3
It has happened to the best of people. You simply are not able to come up with the cash to meet your IRS tax liability. You are worried about the repercussions of not paying your taxes. Can the government come after your assets? Is the IRS going to garnish your wages or put you out of business with liens on your assets?Read More
Managing Partner, Kevin E. Thorn, was quoted by Bloomberg News about the Tax Implications of Government Shutdown.
NewsPosted in on February 1, 2019
Offshore banking – setting up a bank account in a foreign country – can often be a good idea, especially in countries that have favorable banking regulations. Offshore banking can also present risks. In addition, there are IRS reporting requirements that, if not attended to, can cause a taxpayer civil and even criminal liability.
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