Will the IRS Integrated Modernization Business Plan Work?

July 2019

On April 18, 2019, IRS released the IRS Integrated Modernization Business Plan April 2019(Plan) – a six year Plan designed to https://www.jdsupra.com/legalnews/will-the-irs-integrated-modernization-85379/

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Tax Scams put Taxpayers at Risk

July 2019

The IRS produces a yearly list of Tax Scams known as the Dirty Dozen that Taxpayers may  https://www.jdsupra.com/legalnews/tax-scams-put-taxpayers-at-risk-64501/

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Penalty of $25,000 for Foreigners with a 25% ownership stake or control of a U.S. legal entity that fail to file Form 5472

July 2019

Form 5472 is an Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a https://www.jdsupra.com/legalnews/penalty-of-25-000-for-foreigners-with-a-36597/

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Is There an Anti-Money Laundering (AML) Component to the Revision of the IRS EIN Process?

June 2019

An EIN is also known as a Federal Entity Tax Identification Number (EIN) and is used to  https://www.jdsupra.com/legalnews/is-there-an-anti-money-laundering-aml-92031/

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IRS can Prove that a Taxpayer Under-Reported Income

June 2019

There are Taxpayers that understate income, overstate expenses and present fraudulent claims on their https://www.jdsupra.com/legalnews/irs-can-prove-that-a-taxpayer-under-84163/

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Taxpayers can be Embarrassed when IRS Contacts a Third-Party

June 2019

Under Internal Revenue Code (IRC), Subtitle F – Income Taxes, Chapter 78 – Discovery of Liability and Enforcement of Title, Subchapter A – Examination and Inspection – Section 7602, the IRS has the authority to  https://www.jdsupra.com/legalnews/taxpayers-can-be-embarrassed-when-irs-91794/

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Taxpayers that have VIRTUAL CURRENCY held in a Centralized Virtual Currency Exchange outside the U.S must file an FBAR and FORM 8938!

June 2019

On May 30, 2018, the AICPA (American Institute of Certified Public Accountants) wrote a letter to the IRS to obtain https://www.jdsupra.com/legalnews/taxpayers-that-have-virtual-currency-77752/

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Content Matters in a Suspicious Activity Report (SAR)

June 2019

The Suspicious Activity Report (SAR) was created by five federal financial agencies and the Treasury Department’s Financial Crimes Enforcement Network (FinCEN). The purpose of the SAR is to https://www.jdsupra.com/legalnews/content-matters-in-a-suspicious-38667/

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Varsity Blues, the “Charity” and how a Forensic Accountant can be a Silver Bullet!

May 2019

The forensic accounting skillset of FBI Special Agent, Mrs. Laura Smith, is receiving a lot of credit for her work in the largest college scandal in  https://www.jdsupra.com/legalnews/varsity-blues-the-charity-and-how-a-41034/

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¿Está su pasaporte en riesgo?

May 2019

Los Contribuyentes Estadounidenses con facturas de impuestos vencidas que han sido identificados por https://www.jdsupra.com/legalnews/esta-su-pasaporte-en-riesgo-13074/

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Is your Passport at Risk?

May 2019

Certain US Taxpayers that have been identified by IRS with https://www.jdsupra.com/legalnews/is-your-passport-at-risk-64238/

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IRS: Las Cuentas Financieras “Offshore” NO pasarán Inadvertidas

May 2019

El 15 de marzo del 2019, el IRS informó que la ocultación de dinero o activos en cuentas extraterritoriales (“offshore”) no declaradas https://www.jdsupra.com/legalnews/irs-las-cuentas-financieras-offshore-no-56875/

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