Articles - Page 28 of 60 - Foodman CPAs and Advisors

Beware of the IRS FATCA Filing Accuracy Campaign

January 2019

Beware of the IRS FATCA Filing Accuracy Campaign was published by JD Supra on 1/23/19. On October 30, 2018, the IRS Large Business and International division (LBI) announced the approval of a compliance campaign regarding Foreign Financial Institution (FFI) and certain

JD Supra

Is it time for Foreign Financial Institutions to hire IRS Representation?

January 2019

Is it time for Foreign Financial Institutions to hire IRS Representation? published by JD Supra on 1/23/19. The Responsible Officer (RO) of a Participating Foreign Financial Institution (PFFI) or Reporting Model 2 FFI is required to file the FFI’s FATCA

JD Supra

Don’t Jeopardize Your Passport: The US State Department Is Held Harmless!

January 2018

Don’t Jeopardize Your Passport: The US State Department Is Held Harmless! was published by the Daily Business review on 1/8/19.

Daily Business Review

Due Diligence is necessary for Taxpayers to have the Right TAX Representative

January 2019

Due Diligence is necessary for Taxpayers to have the Right TAX Representative was published by JD Supra on 1/8/19. As 2018 comes to an end, many Taxpayers are wondering about their tax reporting situation under the Tax Cut Jobs Act.

JD Supra

Winning Business Through Bribery Could Get You Into Trouble!

December 2018

Winning Business Through Bribery Could Get You Into Trouble! was published by JD Supra on 1/8/19. In 1977, the United States enacted the Foreign Corrupt Practices Act (FCPA). The FCPA prohibits an offer, payment, promise or the authorization of a payment of

JD Supra

Understanding how IRS identifies and selects Individual Tax Returns for Automated Underreporter Review

December 2018

Understanding how IRS identifies and selects Individual Tax Returns for Automated Underreporter Review was published by JD Supra on 1/8/19. The IRS Automated Underreporter Matching Process matches Tax Returns against Information Returns. IRS states that there were approximately 150 million individual

JD Supra

IRS-Criminal Investigations: going on 100 years and still looking at Tax Crimes!

December 2018

IRS-Criminal Investigations: going on 100 years and still looking at Tax Crimes! was published by JD Supra on 1/8/19. On November 11, 2018, the IRS released its Criminal Investigation Annual Report as it begins its 2019 fiscal year and its

JD Supra

Should Business Owners rely on Whistleblowers or Forensic Accountants?

December 2018

Should Business Owners rely on Whistleblowers or Forensic Accountants? was published by JD Supra on 12/21/18. According to a recent Foreign Corrupt Practices Act (FCPA) Blog entry (11/28/18), over 40% of internal frauds are discovered by whistleblowers and statistics show that

JD Supra

Offshore Accounts Today Equal Transparency

December 2018

Offshore Accounts Today Equal Transparency was published by JD Supra on 12/18/18. The days of avoiding taxes through hiding money or assets in unreported offshore accounts are gone. Nonetheless, there are still taxpayers with undeclared offshore accounts, as well as the

JD Supra

IRS can start asking questions about Campaign Issues. Have your Audit Plan Ready!

December 2018

IRS can start asking questions about Campaign Issues. Have your Audit Plan Ready! was published by JD Supra on 12/14/18. On January 31, 2017, the IRS Large Business and International Division (LBI) announced a compliance campaign strategy to redefine large business

JD Supra

What is Tax Evasion?

December 2018

What is Tax Evasion? was published by JD Supra on 12/7/18. The IRS TAX CRIMES HANDBOOK states that there are two kinds of tax evasion: (a) the willful attempt to evade or defeat the ASSESSMENT of a tax, and (b)

JD Supra

How to determine an Individual’s Residency for Tax Treaty Purposes?

December 2018

How to determine an Individual’s Residency for Tax Treaty Purposes? was published by JD Supra on 12/7/18. The guidelines for determining an Individual’s tax residency are as follows: An Individual Taxpayer is a resident based on the laws of one