Law Enforcement can Follow the Money thanks to the Fifth Pillar of the Final CDD Rule

July 2017

Law Enforcement can Follow the Money thanks to the Fifth Pillar of the Final CDD Rule Under the Bank Secrecy Act (BSA), the Financial Crimes Enforcement Network (FinCEN) issued a “Fifth Pillar” of the Final Customer Due Diligence (CDD) Rule

  • Foodman CPAs & Advisors

Do you know about FATCA international payments?

July 10, 2017

  • South Florida Legal Guide/Miami Herald Business Monday

Stanley I. Foodman – THE CPA YOU WANT ON YOUR SIDE

July 10, 2017

  • South Florida Legal Guide - Supplement to the Miami Herald Business Monday

Why you need EXPERT ADVICE if you have a PFIC and you are out of Compliance!

July 2017

Taxpayers need to rely on the expert professional advice of a tax specialist for the treatment of Passive Foreign Investment Companies (PFICs) during Offshore Voluntary Disclosure Program (OVDP) reporting.  PFIC computations are challenging for a Taxpayer in an amnesty program

  • JD Supra

Is your Bookkeeper the Right One?

July 2017

Bookkeepers are by practical definition business multi-taskers.  They keep financial records, post debits and credits, prepare reports, execute banking transactions,  act as collectors for overdue accounts, work with clients and vendors  and handle payroll – just to name a few.  

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IRS is Looking more like a “Self-Serve” Financial Provider while still Targeting Collections

June 2017

Since 2011, IRS has undergone $900 million in budget cuts and has reduced its number of auditors by approximately 25%.  Nonetheless, IRS has its eye on the “collections” ball.  The Agency has recently benefited from Congressional approval of more efficient

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FBAR Penalty Amounts are in the “Best Judgement” of an IRS Examiner

June 2017

The Report of Foreign Bank and Financial Accounts (FBAR) is not a tax form.  Its filing is not required by the Internal Revenue Code. It is required by Title 31 of the Code of Federal Regulations. Title 31 is the

  • JD Supra

Indications of Misappropriation Schemes

June 2017

Misappropriation is the use of property or funds of another person for an unauthorized purpose and is classified as a felony.  In misappropriation, the perpetrator steals or misuses an organization’s belongings and resources; usually without force.  Meaning, they are taken

  • JD Supra

Peruvian Tax Amnesty Wealth Planning Strategies

June 14, 2017 from 5:30 - 7:30 PM

  • Intercontinental Hotel - Sevilla Room

International Noncompliance

June 5, 2017

  • South Florida Business Journal Supplement to the Miami Herald Business Monday

Do You know that the US might have a Tax Sharing Information Agreement with your Country?

May 2017

The US has Tax treaties and Tax Information Exchange Agreements (TIEAs) with certain countries that provide, upon request, for the exchange of U.S. income information regarding their citizens or residents.  There are currently 43 countries on the list.  Exchange of

  • JD Supra