Colombia criminaliza la evasión fiscal

April 2017

El 12/29/2016, el Congreso de Colombia aprobó la “Ley 1819 de 2016”. La nueva legislación es una reforma tributaria estructural encaminada principalmente a aumentar los ingresos para Colombia. Colombia sufrió una pérdida de ingresos cuando los precios del petróleo se

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Colombia criminalizes Tax Evasion

April 2017

On 12/29/2016, Colombia’s Congress approved “Law 1819 of 2016”.  The new legislation is a structural tax reform primarily aimed at increasing revenues for Colombia. Colombia suffered a loss of revenues when crude oil prices plummeted beginning in 2014. The loss

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Is your Tax Preparer qualified to do your Return? Beware of Tax Preparers without a Preparer Tax Identification Number (PTIN) or Not Listed on the IRS Directory

March 2017

Do you think that you have hired the right Tax Preparer to prepare your Taxes?  Tax Season is here and many Tax Preparers portray themselves as “Qualified”.  Tax Preparers have different levels of skills, education and expertise and Taxpayers ought

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Tax Preparation is NOT a Commodity

March 2017

As we approach this year’s tax filing deadline of April 18th, do you think that you have your Tax Return under control?  Before you answer yes, take the time to examine and evaluate who is preparing your taxes.  Do they

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The Value of Forensic Accounting Goes Beyond the Courtroom

March 2017

Forensic Accountants play an integral role in the changing landscape of today’s business management and oversight.  Successful business owners prepare for the possibility of malware attacks, internal fraud, lawsuits, accounting irregularities and white collar crimes. Existing or potential dispute resolution

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IRS will not Quit

March 2017

Voluntary compliance is the foundation of our US tax system. Taxpayers determine the correct amount of their tax and complete appropriate returns, rather than the Government determine their tax for them. According to the Internal Revenue Code (the law of

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Voices Can non-GAAP measurements be misleading?

March 2017

Securities Exchange Commission reporting companies are more frequently utilizing non-GAAP financial measures if they believe that they will more accurately and completely reflect their results of operations or financial position. Non-GAAP financial measures are used as a “complement,” like bread

  • Accounting Today

Stay out of TROUBLE: Make sure your CPA is asking you the right QUESTIONS regarding Foreign Accounts!

March 2017

US International tax is complicated.  It often overwhelms US Taxpayers. That is why an international tax specialist CPA is the best choice for the work.  Nonetheless, many Taxpayers seek the help of tax return preparers without requisite international tax reporting

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IRS Criminal Investigation Unit (IRS-CI) will find you!

February 2017

Due to the Foreign Account Tax Compliance Act (FATCA) and the work of IRS special agents, international tax transparency is here. There is virtually nowhere to hide.  On 1/18/17, the Department of Justice (DOJ) reported that three residents of Orange

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When the Wall of Secrecy Collapses

February 2017

Foreign Accounts, Shell Companies, Blind Trusts, Asset Protection Trusts, Offshore Trusts, Global Citizenship and US Residency are just a few of the Terms highlighted in the mega divorce proceedings of a Palm Beach County couple -Sarah Pursglove versus Robert Oesterlund

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Do You Know What an IRS Criminal Investigation is?

February 2016

The US taxes its citizens and permanent residents on their worldwide income regardless of where they live or how long they’ve lived outside of the US.  There is only one other country in the world that operates like the US

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