“To Be or Not To Be” – A U.S. Taxpayer

MAY 2012

If general understanding of what constitutes a “U.S. Taxpayer” under the Internal Revenue Code existed, millions of individuals would not currently be unaware that they may be facing heavy penalties and fines and possible prosecution for not complying with their

  • Compliance Matters

Believe It : U.S. War on Overseas Tax Evasion is Real

APRIL 2012

If American taxpayers abroad had any doubts about the seriousness of the U.S. government’s war on overseas tax evasion, recent high profile arrests provided indisputable proof. Gone are the days when hiding assets in tax havens like Panama can go

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IRS Offers Relief to Strapped Taxpayers

MARCH 2012

Some struggling taxpayers looking for help were given a life preserver from the Internal Revenue Service this month. Just weeks before tax day, the agency announced a significant expansion of “Fresh Start”, its program designed to offer help to strapped

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More Innocent Spouses Now Qualify for Relief


Convincing the Internal Revenue Service to grant a request for innocent spouse relief has traditionally been an uphill battle for thousands of people, primarily women, who claimed they lacked control over family finances, and should not be punished for the

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IRS Re-Opens Offshore Voluntary Disclosure Program


The Internal Revenue Service announced Jan. 9th, the reopening of its successful Offshore Voluntary Disclosure Program (OVDP), designed to encourage people hiding offshore accounts to pay what they owe and avoid potentially ruinous penalties and possible criminal prosecution. While similar

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FATCA – The IRS Goes Global

Download the PDF Version of This Article Since Sept. 11, a confluence of factors has resulted in the establishment of much stronger international tax compliance rules and enforcement procedures for U.S. taxpayers. Two very different federal priorities, (1) preventing and

Payroll Tax Compliance – IRS Offers Non-Compliant Employers Pre-Holiday Gift


Just in time for the holiday season, the IRS recently gave employers the perfect gift. It launched a new voluntary compliance program to give businesses that misclassified workers as independent contractors the opportunity to come into compliance for just short

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The Tax Man Cometh – The IRS Steps Up Enforcement Here and Abroad


The Internal Revenue Service is making headway on closing the estimated $345 billion tax gap, and doing so in dramatic fashion both at home and abroad. In the U.S., marked increases in seizures, liens and levies have come at a

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FATCA – With the FATCA in the Fire, IRS Makes the Right Move


The recent IRS announcement that it would phase in requirements of the Foreign Account Tax Compliance Act (FATCA) is a bow to sanity. It’s also good policy for taxpayers and the government, not just banks. Requirements for this sweeping law,

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More Advice on International Tax Compliance

May 12, 2011

What could the U.S businessman have done to avoid the stress, aggravation and financial loss of this encounter with the IRS? For U.S. taxpayers with international business structures, foreign financial accounts, holdings and properties here in Costa Rica (and other

  • TicoTimes.net

Don’t underestimate IRS’s new foreign tax rules

April 4, 2011

Taxpayers who have not accurately reported and paid taxes on international business structures, foreign financial accounts, holdings and properties are at greater risk than ever of fines and prosecution. For U.S. taxpayers living or doing business abroad, Uncle Sam can

  • The Miami Herald

Stanley Foodman Named a Top Accountant in Litigation Support for 2011 by South Florida Legal Guide

MIAMI, February 8, 2011 – Stanley I. Foodman, CPA, CFE, CFF, CAMS, president and CEO of Foodman & Associates, P.A., was named a Top Accountant in Litigation Support for 2011 by the South Florida Legal Guide (www.sflegalguide.com). Honorees are selected