201505.29
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Real Estate Tax Fraud | False Deductions & Criminal Investigations

Taking false or improper deductions on a tax return when real estate is involved is one of the surefire ways to be audited by the IRS and possibly make you subject to criminal investigation. That is because the IRS is aware that individuals and businesses alike will exaggerate and/or makeup false deductions for their real…

201505.29
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International Tax Law –  Penalties | Fines | Tax Fraud

If you are a U.S. Taxpayer (U.S. Citizen, Legal Permanent Resident, Foreign National subject to U.S. Tax) and operate a business overseas or have interest in an overseas business and do not file US taxes, you may be subject to fraud and penalty charges which could lead to criminal investigation and indictment. Am I required…

201505.29
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IRS Overseas Tax Enforcement – Taking Your Property & Money

The IRS has extensive authority to enforce US tax law.  And, with new international tax law compliance in full effect and several foreign countries working together with the IRS to enforce U.S. tax law, the IRS’s authority is never-ending. In other words, just because you decided to move overseas that does not mean the IRS…

201505.27
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International Tax Law Questions – Reporting Foreign Income  

One of the most confusing aspects of international tax compliance is dealing with foreign income. Some of the more common issues we deal with at our firm are as follows: The income is passive income in which my foreign country does not tax (for example: dividends and interest income) The income was already reported and…

201505.25
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Under FATCA, Will my Foreign Bank report Me to the IRS?

With international tax enforcement on the rise we are receiving numerous inquiries dally of individuals who have received FATCA (Foreign Account Tax Compliance Act) letters from their foreign bank or financial institution. Will my Foreign Bank or financial institution report me to the IRS? Most likely, yes. That is because many countries have entered into…