201901.21
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IRS Penalties (2019) – Penalty Abatement vs. Tax Amnesty Programs

IRS Penalties (2019) – Penalty Abatement vs. Tax Amnesty Programs When it comes to the IRS and Penalties, it is always easier to try to avoid IRS penalties than it is to ask the Internal Revenue Service to remove penalties from your account. The difference between penalty abatement and tax amnesty, is sort of like the…

201901.14
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Risk of Hiring CPAs & Tax Resolution Firms for IRS Offshore Amnesty

Risk of Hiring CPAs & Tax Resolution Firms for IRS Offshore Amnesty Oftentimes, tax problems arrive at your doorstep…unannounced.   Depending on whether you are on the defensive (received a notice of audit or examination involving domestic or offshore/foreign accounts, assets, investments, or income) or you are on the offensive – seeking to apply to…

201901.07
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Court of Federal Claims Ruling (Schedule B, FBAR & Foreign Accounts)

Court of Federal Claims Ruling (Schedule B, FBAR & Foreign Accounts) When it comes to Foreign Accounts and FBAR, the courts are all over the board. District Courts and Appellate Courts are split on issues involving maximum FBAR penalties, enforcement procedures, etc.  With that said, there is one near constant — which is that if…