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

January 2019

The Responsible Officer (RO) of a Participating Foreign Financial Institution (PFFI) or Reporting Model 2 FFI is required to      https://www.jdsupra.com/legalnews/is-it-time-for-foreign-financial-10469/

  • JD Supra

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

January 2019

As 2018 comes to an end, many Taxpayers are wondering about their tax reporting situation under the Tax Cut Jobs Act.  Taxpayers ought to be asking themselves if their Tax Representative understands:  https://www.jdsupra.com/legalnews/due-diligence-is-necessary-for-93021/

  • JD Supra

Winning Business Through Bribery Could Get You Into Trouble!

December 2018

In 1977, the United States enacted the Foreign Corrupt Practices Act (FCPA). The FCPA prohibits an offer,  https://www.jdsupra.com/legalnews/winning-business-through-bribery-could-16031/

  • JD Supra

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

December 2018

The IRS Automated Underreporter Matching Process matches Tax Returns against Information Returns.   IRS states that   https://www.jdsupra.com/legalnews/understanding-how-irs-identifies-and-11599/

  • JD Supra

Should Business Owners rely on Whistleblowers or Forensic Accountants?

December 2018

According to a recent Foreign Corrupt Practices Act (FCPA) Blog entry (11/28/18),  https://www.jdsupra.com/legalnews/should-business-owners-rely-on-32072/

  • JD Supra

Offshore Accounts Today Equal Transparency

December 2018

The days of avoiding taxes through hiding money or assets in unreported offshore accounts are gone.   Nonetheless,   https://www.jdsupra.com/legalnews/offshore-accounts-today-equal-12751/

  • JD Supra

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

December 2018

On January 31, 2017, the IRS Large Business and International Division (LBI) announced a compliance campaign strategy to    https://www.jdsupra.com/legalnews/irs-can-start-asking-questions-about-38869/

  • JD Supra

What is Tax Evasion?

December 2018

The IRS TAX CRIMES HANDBOOK states that there are two kinds of tax evasion:   https://www.jdsupra.com/legalnews/what-is-tax-evasion-39001/

  • JD Supra

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

December 2018

The guidelines for determining an Individual’s tax residency are as follows:   https://www.jdsupra.com/legalnews/how-to-determine-an-individual-s-72122

  • JD Supra

What is Reasonable Cause for the IRS?

December 2018

In the US, Taxpayers “self-assess and voluntarily” pay taxes.  The IRS position  https://www.jdsupra.com/legalnews/what-is-reasonable-cause-for-the-irs-60482/

  • JD Supra

Understanding Estate and Gift Taxes

November 2018

Although only .2% of US Taxpayers actually pay Estate Taxes (Congress’s Joint Committee on Taxation), https://www.jdsupra.com/legalnews/understanding-estate-and-gift-taxes-62995/

  • JD Supra