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 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 MoreNewsPosted in on October 29, 2018
Congratulations, you may not be subject to U.S. Federal Income taxes!
Full time employees of the World Bank are considered by the IRS to be Foreign Government-Related Individuals. A foreign government related individual is anyone that (1) works full time at an international organization, (2) has diplomatic immunity, or (3) has consulate status.
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Offshore Account UpdatePosted in on August 2, 2018
Managing Partner Kevin E. Thorn was recently asked by a DC news source to comment on former Trump campaign chairman Paul Manafort’s trial taking place in a federal court in Alexandria, Virginia.
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