Articles - Page 27 of 60 - Foodman CPAs and Advisors

Are you at Risk for a Tax Time Surprise?

March 2019

Are you at Risk for a Tax Time Surprise? was published by JD Supra on 3/5/19. There will be Taxpayers whose 2018 federal income tax withholding unexpectedly falls short of their tax liability for Tax Year 2018. IRS states that

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Financial Institutions and Golden Passports

February 2019

Financial Institutions and Golden Passports was published by JD Supra on 2/27/19. On October 16, 2018, the Organization for Economic Cooperation and Development (OECD) issued guidance to Financial Institutions (FIs) regarding what is known as “Golden Passports”. Many Foreign Jurisdictions

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Understanding How to Compute a U.S. shareholder’s GILTI inclusion

February 2019

Understanding How to Compute a U.S. shareholder’s GILTI inclusion was published by JD Supra on 2/27/19. The Tax Cuts and Jobs Act added section 951A to the Internal Revenue Code. This new section requires a U.S. shareholder of a Controlled

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Can the IRS release Taxpayer information to a third party?

February 2019

Can the IRS release Taxpayer information to a third party? was published by JD Supra on 2/27/19. Tax Return information is protected from disclosure by the IRS to other parties by the IRC Section 6103 -Confidentiality and Disclosure of Returns

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Prevent Fraud with a Perception for Detection

February 2019

Prevent Fraud with a “Perception for Detection” was published by JD Supra on 2/27/19. There is a reality that fraud can occur at every level of a business. Every day businesses provide to their employees, peers and partners with internal

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Streamlined Filing Program for U.S. Taxpayers Residing Outside of the U.S. continues to be available but can be Discontinued at any time!

February 2019

Streamlined Filing Program for U.S. Taxpayers Residing Outside of the U.S. continues to be available but can be Discontinued at any time! was published by JD Supra on 2/27/19. After the closing of the Offshore Voluntary Disclosure Program (OVDP) –

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CRS-FATCA – What you need to know TODAY

February 2019

CRS-FATCA – What you need to know TODAY is a Video featuring Stanley Foodman and Cathy McGrail from Foodman CPAs & Advisors regarding FATCA and CRS released on 2/20/19.

CRS-Fatca

Disclosing Voluntarily to the IRS to potentially avoid Criminal Prosecution is still an Option for Taxpayers, but with some changes going forward……

February 2019

Disclosing Voluntarily to the IRS to potentially avoid Criminal Prosecution is still an Option for Taxpayers, but with some changes going forward was published by JD Supra on 2/5/19. On September 28, 2018, the IRS closed the Offshore Voluntary Disclosure

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U.S. Taxpayers living Abroad – Tax News Update

February 2019

Tax News Update for U.S. Taxpayers living Abroad was published by JD Supra on 2/5/19. Passport The IRS ability to deny or revoke the Passports of Taxpayers with “seriously delinquent tax debt greater than $50,000” is a distressing problem currently

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IRS Accuracy Related Penalties is the number one most litigated tax issue

January 2019

IRS Accuracy Related Penalties is the number one most litigated tax issue was published by JD Supra on 1/29/19. The National Taxpayer Advocate 2017 Report to Congress states that the Accuracy-Related Penalty under Internal Revenue Code Section 6662 remains the number

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What is new in a “nutshell” for FORM 1040 for TAX YEAR 2018

January 2019

What is new in a “nutshell” for FORM 1040 for TAX YEAR 2018 was published by JD Supra on 1/29/19. For Tax Year 2018, Taxpayers will use the new and re-designed Form 1040 Although the IRS’s sentiment is that many

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Four LATAM Countries will work as a TEAM to TACKLE TAX EVASION, Corruption and Other Financial Crimes

January 2019

Four LATAM Countries will work as a TEAM to TACKLE TAX EVASION, Corruption and Other Financial Crimes was published by JD Supra on 1/29/19. The Global Forum and the Organization for Economic Cooperation and Development (OECD) oversee the internationally agreed