The Accountant and the Paradise Papers

November 2017

Under U.S. Tax Law, it is appropriate for an Accountant to advise a US Taxpayer regarding his tax efficiency if the Taxpayer wants to pay less tax and accumulate wealth.  While tax avoidance is legal and encouraged by the IRS, tax

  • JD Supra

Is your spouse having trouble with the IRS and you didn’t know?

November 2017

In a joint tax return filing, IRS has the right to assess both spouses that sign a joint income tax return under the penalty of perjury.  This is similar to jointly signing for a loan at a Bank.   The Bank

  • JD Supra

New GTO covers Wire Transfers

October 2017

On August 22, 2017, FinCEN (Financial Crimes Enforcement Network) published a new Advisory regarding Geographic Targeting Orders (GTOs) covering residential real estate transactions in certain counties or boroughs of New York, Florida, California, Texas and Hawaii (newly added in this GTO).   The

  • JD Supra

Greedy Charitable Deductions May Cost You

October 2017

Taxpayers are not required to pay a negligence penalty for underpayment of income taxes if, under Internal Revenue Code regulations, there is reasonable cause for a position that the Taxpayer takes in an income tax return. http://www.jdsupra.com/legalnews/greedy-charitable-deductions-may-cost-24327/

  • JD Supra

Watch out if you are an Expatriate US Passport Holder with Tax Debt and receive Notice CP-508C!

September 2017

According to the US Department of State, there are approximately nine (9) Million US passport holders living overseas.  There continues to be a misimpression by certain US Taxpayers living overseas that they are not required to file US income tax

  • JD Supra

Bolivia en la Vanguardia del Cumplimiento

10/4/17

Please join us on Wednesday, October 4th at FIBA (Free Webinar) from 12:00 PM to 1:00 PM for a conversation with Dr. Alejandro Taboada – Executive Director  of UIF Bolivia.  r   Register here:  https://goo.gl/2RiaY2  

  • FIBA

Out of Compliance Taxpayers: Beware of new IRS-Programs!

September 2017

The IRS-Criminal Investigation Unit (IRS-CI) is the Criminal Law Enforcement Arm of the IRS.  Its conviction rate of over 90% is one of the highest in federal law enforcement.  Those convicted pay taxes, penalties and interest with the Courts imposing

  • JD Supra

The OECD is focused on maintaining the integrity of the CRS

September 2017

As of August 2017, 102 international Jurisdictions are committed to the implementation timelines of the Common Reporting Standard (CRS).  There are 49 Jurisdictions that are committed to the first exchange during 2017 and 53 Jurisdictions for 2018.       https://www.jdsupra.com/legalnews/the-oecd-is-focused-on-maintaining-the-44072/  

  • JD Supra

Taxpayer, Was Your Conduct Non-willful?

September 25, 2017

  • South Florida Legal Guide Supplement for the Miami Herald - Business Monday