If you had a financial interest in or signature authority over foreign accounts exceeding $10,000, you need to file a Foreign Bank Account Report (FBAR). An unfiled FBAR can lead to a $10,000 ... Read More
What is the Threshold for FBAR Filing?
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If you’re having tax problems
How to Avoid Tax Problems When Moving Overseas
If you move overseas to retire or for other reasons, you’ll still need to stay on top of your U.S. tax obligations. That’s because the United States uses a citizenship-based taxation regime, unlike some other countries ... Read More
IRS Penalties That Tax Preparers Can Face
While taxpayers are legally responsible for the items on their return, tax preparers can also face penalties for fraudulent or reckless conduct. These penalties can even apply to “ghost tax preparers” who don’t sign the ... Read More
Understanding the Voluntary Disclosure Policy of the IRS
Why you are still criminally liable for non-compliance even if the IRS hasn’t noticed for years It is not uncommon to see a client with a heavy heart walk into your office as a tax defense ... Read More
Is the IRS pursuing a criminal tax charge? Avoiding prison.
The percentage of criminal charges filed against taxpayers in the United States in 2019 is generally lower than it has been in the previous years. The chances of undergoing a criminal investigation by the IRS are ... Read More
Criminal Tax Exposure for CPAs and Other Tax Preparers
Tax preparers such as CPAs face a lot of pitfalls and potential traps when dealing with clients. In case such an event happens, only a qualified tax defense attorney can help to resolve the criminal ... Read More
Why You Need a Reputable Tax Attorney By Your Side For IRS Appeal Representation
An attorney doesn’t merely represent you in court, they fight for you and work their best to ensure that you get the fairest outcome if not win your court case. If you are faced with ... Read More
Innocent Spouse: Are You Being Pursued for Taxes You Know Nothing About?
A significant number of couples choose to file joint taxes to mainly take advantage of the higher standard deductions and other benefits that married couples enjoy. However, most of these couples do not understand the ... Read More
What You Need to do if You Just Missed the Tax Filing Deadline
The deadline for filing taxes on all income earned in 2018 this year was on April 15th. Missing the deadline can be agonizing for anyone, most especially if you owe the IRS. So what exactly should ... Read More
When a divorce or separation proceeding leads to criminal tax concerns
Marriage is always a sweet affair that may lead to couples raking up investments and even debt as they seek to build a life together. However, separation or divorce presents some challenges that may lead to ... Read More
