Don’t Let The I.R.S. Define Your Conduct As Willful, or Else…

June 2016

Something that most of us don’t realize is that Internal Revenue Service has stated that the taxpayer is responsible to learn IRS requirements within the historic U.S. framework of a voluntary reporting system. The IRS commissioner stated: “Our tax system

  • JD Supra

“Who doesn’t have it, does it and who has it, misuses it”

May 2016

From the Silent Generation (1928-1945), to the Baby Boomers (1946-1964), to the Generation X (1965-1980) to the Millennials (1981 to 1997) – the question remains: Is creating Long-Term family wealth possible? The answer is yes. Although, it isn’t necessarily an

  • Foodman CPAs & Advisors

Do you know how to survive an I.R.S. audit? Find out here…

April 2016

First and foremost: An I.R.S. Audit is not an accusation of WRONGDOING. It is what is known as an impartial review to assess return filing accuracy. I.R.S. selects returns to audit to determine if income, expenses, and/or credits are being

  • Yucatan Times

What is NEW for Tax Season 2015?

29 March, 2016

Publication 17 has been published annually by the IRS since the 1940s and has been available on the IRS web site since 1996. The 286-page guide also provides links to help taxpayers quickly get answers to their questions. This free

  • Lexology

Warning: The IRS Could File Your Return if You Don’t, with Troubling Consequences

March 2016

The tax world is clearly becoming more interconnected and globalized with countries exchanging financial information about each other’s citizens through FATCA or the upcoming Common Reporting Standard (CRS). Every international decision a taxpayer makes – whether or not he or

  • Tico Times

“Red Flags” to the I.R.S’s Agents and Examiners

March 2016

Most Tax returns are ignored by the I.R.S. primarily because I.R.S. is short on personnel and funding. Nonetheless, according to a report from Kiplinger, the chances of being audited by the I.R.S. increase substantially, if you have foreign assets, the

  • Foodman CPAs & Advisors

Did you know that there is an I.R.S. penalty for lack of accuracy?

March 2016

  According to the I.R.S., our country is based on a voluntary system of compliance. This means that each citizen (taxpayer) reports their income freely and voluntarily. The tax liability is calculated, and the tax return is hopefully filed on

  • Yucatan Times

Expertise Article: The IRS

November 2015

Original article and other expertise articles can found here:  http://www.sflegalguide.com/index.php?plugin=News&id=186&title=the-irs By: Stanley I. Foodman A “John Doe” summons is an IRS investigative tool available to IRS through federal court approval.  IRS uses it as an investigative tool when casting a

  • South Florida Legal Guide

I.R.S. continues to diligently track down the Tax Cheaters worldwide

October 2015

The money is leaving Switzerland, but where is it going? The I.R.S. and the Department of Justice think Singapore and Israel. They know because the Swiss Banks have told I.R.S. agents where the money went. The Swiss Bank have done

  • Foodman CPAs & Advisors

OECD establishes roadmap for membership with Costa Rica

July 2015

The OECD set out a clear path for Costa Rica’s accession to the Organisation, reinforcing the OECD’s commitment to further extend its global membership. On 8 July 2015, the 34 OECD Members adopted the Roadmap for the Accession of Costa

  • Foodman CPAs & Advisors

Foodman CPAs & Advisors: Advising Clients on Complex Forensics and Tax Issues

June, 2015

Foodman CPAs and Advisors: Advising Clients on Complex Forensics and Tax Issues

  • South Florida Legal Guide

Trust Accounting Pitfalls

June, 2015

Trust Accounting Pitfalls

  • South Florida Legal Guide