Resources

You are here: / Resources
  • tax law articles
  • resources for
  • tax law resources
123

Legal Resources

The best place for expatriates to find tax law resources.

Read our Blog

 Get the latest news and the most advanced industry knowledge.

Streamline
, ,

DOJ Announces Indictment of Taxpayer for Filing False Non-Willful Certification Under the Federal Streamlined Procedures

Case Background On August 27, 2019 the Department of Justice (DOJ) announced a superseding indictment of a Florida business man and former Texas CPA for allegedly filing a false document. This was because he made an offshore disclosure using…
Fraudulent tax refunds
, ,

Remember the Large IRS Tax Refunds? You May Have To Pay Them Back.

Fraudulent IRS tax refunds Each year thousands of individuals flock to tax return preparation centers in anticipation of receiving a large income tax refund from Uncle Sam. For most, the money is already earmarked for a down payment on a new…
business tax deductions 2
, ,

Paying personal expenses out of a closely held business: civil and criminal tax implications

Reporting personal expenses as businesses expenses on a tax return The justification for purchasing that $75,000 Mercedes, Rolex watch or other luxury item, paying for an expensive vacation, making monthly mortgage payments on one’s personal…
Fraudulent Tax Resolution Co.
, ,

Fraudulent Tax Resolution Companies

Promises Too Good To Be True In 1931, the famous jurist, Benjamin Nathan Cardozo, in discussing fraud stated that: “Fraud is the pretense of knowledge when knowledge there is none.” Ultramares Corp. v. Touche, 255 N.Y. 170, 179, 174 N.E.…
Tax cut and Jobs Act

Divorce Tax Rule Changes

New rules in Tax Cuts and Jobs Act  With the enactment of the Tax Cuts and Jobs Act (“TCJA”), divorce attorneys and those that are divorced, in the process of divorce or who have a pre or post nuptial agreement should familiarize themselves…
E File form8300
,

IRS Urges Businesses To E-File Cash Transaction Reports

Electronic Filing For Businesses In an effort to promote compliance, on February 19, 2019 the IRS urged businesses that are required to file reports of large cash transactions to take advantage of the electronic filing option that was announced…
Ghost tax preparers
,

IRS warns against using Ghost Tax preparers

Large Tax Refunds: Are they too good to be true? The IRS has long cautioned taxpayers against using disreputable tax return preparers. In a recent announcement, the IRS warned taxpayers against using “Ghost Preparers” to prepare their tax…
New OVDP
, ,

New Voluntary Disclosure Practice for willful u.s. taxpayers

 Termination of OVDP and way forward Following the termination of the Offshore Voluntary Disclosure Program (OVDP) on September 28, 2018, willfully delinquent taxpayers with exposure to criminal prosecution were left without an option for…
Deliquent Expat Filers and Facilitators 1

Delinquent Expat Filers and Facilitators: Are you in Trouble?

Introduction Expatriates (Expats) who continue to ignore their obligations to file U.S. Federal Income Tax returns and who fail to report their foreign financial accounts as well as those who fail to file information returns with respect…
Trust fund recovery penalty
, , ,

Trust Fund Recovery Penalty

The Trust Fund Recovery Penalty: Are You At Risk? Introduction The assessment of the § 6672 penalty can be devastating, and in some cases, life changing. Individuals who are subject to the penalty usually state that they were unaware that…