Fraud Counterfeit U.S. Passport Cards tarjetas de pasaporte EE.UU.

U.S. Passport Card Fraud FinCEN Notice

On 4/15/24, FinCEN in conjunction with the U.S Department of State’s Diplomatic Security Service (DSS), issued warning regarding U.S. Passport Card Fraud via Notice to financial institutions  urging them to be vigilant in identifying and reporting suspicious activity related to

social media redes sociales

Social Media Tax Advice Can Lead to Trouble

April 2024

On 4/8/24, the IRS continued updating the Dirty Dozen list for 2024 including how social media tax advice can lead taxpayers to trouble as inaccurate or misleading tax information is circulating.  IRS is re-issuing a warning, just like they did

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robocall

Robocall Campaign Pushing Fake Tax Relief Gets Cease and Desist

April 2024

On 4/4/24, the Federal Communication Commission (FCC) Enforcement Bureau  issued a cease-and-desist letter against Veriwave Telco due to an illegal robocall campaign pertaining to a “National Tax Relief Program.” The FCC also warned the company that failure to comply with

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Phishing and Smishing scams phishing y smishing

Smishing and Phishing Scams Kick Off IRS Annual Dirty Dozen

April 2024

On 3/28/24, the IRS kicked off its  annual Dirty Dozen list with a warning for taxpayers to be aware of evolving smishing and phishing scams designed to steal sensitive taxpayer information. Smishing and phishing scams arrive to the taxpayer in

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appeal IRS apelar al IRS

Can You Appeal the IRS?

April 2024

Taxpayers have the right to appeal the IRS. Understanding how to appeal the IRS is critical and Taxpayers ought to consider retaining representation in order to diminish the risks of litigation. Only attorneys, certified public accountants or enrolled agents are

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Director Gacki from FinCEN Directora Gacki

Director Gacki from FinCEN Encourages Transparency in the U.S. Financial System

April 2024

During the FIBA’s (Financial and International Business Association’s) annual anti-money laundering conference held from March 18, 2024, to March 21, 2024 in Miami, Florida,  Director Gacki from FinCEN discussed regulatory expectations and best practices to prevent financial crimes in a

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high net worth individuals individuos de alto patrimonio

High Net Worth Individuals get Warning from IRS

April 2024

On 4/10/24, as part of its Dirty Dozen Campaign for 2024, the IRS issued a warning to High Net Worth Individuals regarding three tax traps designed for them by dishonest promoters and shady tax practitioners. High Net Worth individuals continue

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hobby or business hobby o negocio

Is it a Hobby or Business?

April 2024

Taxpayers may be faced with the question: “Is it a hobby or business?”  The IRS states that: “sometimes the line between having a hobby and running a business can be confusing, but knowing the difference is important because hobbies and

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employee retention credit Crédito Retención Empleados

Employee Retention Credit part of the IRS Dirty Dozen

April 2024

On 3/29/24, the IRS continued the release of the Dirty Dozen scams for 2024 with a warning to businesses and others to stay clear from promoters and marketers that stir ineligible business to submit incorrect Employee Retention Credit claims.  The

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passport revocation Revocación o Denegación de Pasaporte

Passport Revocation or Denial continues

March 2024

On 1/1/24, the IRS updated its Passport Revocation or Denial Page in cases of certain unpaid taxes.  Section 7345 of the Internal Revenue Code requires the U.S. Department of the Treasury  to notify the U.S. Department of State if a

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sources of income fuentes de ingresos

All Sources of Income Must be Reported on Tax Return

March 2024

On 3/6/24, the IRS released a reminder to all taxpayers that all sources of income must be reported on their tax return.  The IRS is paying close attention to all sources of income derived from digital asset transactions, the gig

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corporate jets jets corporativos

Corporate Jets and the IRS

March 2024

On 2/21/24, the IRS announced that it will begin auditing corporate jet usage as part of its larger effort to ensure high-income groups “don’t fly under the radar” on tax responsibilities.  IRS Commissioner Danny Werfel stated that: “Personal use of

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