Understanding the “100% Tax Penalty” that Allows the IRS to Go After Multiple People in a Single Business When most people think of “trust funds” their minds immediately go to extremely decadent lifestyles equipped with fancy ... Read More
Ayar Law Blog
EITC Due Diligence Penalties Expand to Other Tax Credits
In February 2014, we published a blog detailing the IRS’s new campaign to up the ante when enforcing the Earned Income Tax Credit (EITC) duty of due diligence. At that time, the Internal Revenue Service penalized ... Read More
New Year. New President. New Tax Issues.
Ten Taxing Questions for 2017 With president-elect Donald Trump taking office this month, the world nervously awaits potential changes to the nation’s fiscal agenda. Here are ten key tax issues to be on the lookout ... Read More
The Golden Rule to Surviving an IRS Tax Audit: Don’t Say a Word Without Your Tax Attorney Present
The Cautionary Tale of Father Hien Minh Nguyen We would like to tell you a tale of the dangers of speaking with the IRS without representation during a tax evasion investigation. This is the story of ... Read More
Apple’s Irish Tax Haven: Are US Corporate Taxes Too High?
The United States May Be Forcing Corporations to Foreign Tax Havens The United States loses a huge amount in taxes every year due to companies like Apple Computer seeking a foreign tax haven. In 2013, a ... Read More
Lawyers Beware: The IRS Is Trained in How to Conduct Attorney Audits
The IRS trains its agents in detail in how to conduct attorney audits. If you are an attorney facing a tax audit, take nothing for granted. The IRS won’t. Some years ago, they even had a ... Read More
IRS Innocent Spouse Relief: Three Different Variations
A Quick Discussion on the 3 IRS Innocent Spouse Relief Programs In this post, we will describe each type of relief to available to a married taxpayer who filed a joint tax return with their spouse, ... Read More
What US Expats Should Do with an Australian Superannuation
As a general rule, non-US retirement plans are tricky for US citizens. And you won’t find a trickier example than an Australian superannuation. If you participate in one already, in this article I’ll give you a ... Read More
Don’t Ignore Your Bank’s “Know Your Customer” FATCA Letter
Do you have US citizenship and a non-US bank account? By now you might have received a FATCA letter from your foreign bank asking about your US tax filing status. Why does your British (or German, ... Read More
US Citizen with Foreign Life Insurance? Better Call Tax Ghostbusters
As a US tax lawyer, I see ghosts. Poltergeists, actually – the ghosts who cause real damage. The poltergeists are certain types of foreign financial assets which are perfectly normal outside the US. But they wander ... Read More
