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/

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Do you own a second home or a vacation home that you rent out?

November 2018

Rental income is reportable on a Taxpayer’s tax return. Certain expenses such as https://www.jdsupra.com/legalnews/do-you-own-a-second-home-or-a-vacation-95740/

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IRS Guidance on Business Meals is Transitional

November 2018

The Tax Cut and Jobs Act (TCJA) amended Section 274 of the Internal Revenue Code (IRC) created a confusion for Taxpayers https://www.jdsupra.com/legalnews/irs-guidance-on-business-meals-is-91773/

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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/

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Foreign Trusts and the IRS

November 2018

A Foreign Trust can be a legitimate instrument for US Taxpayers that may have family members in foreign jurisdictions,    https://www.jdsupra.com/legalnews/foreign-trusts-and-the-irs-80871/

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The US and Costa Rica have a New Tax Information Sharing Agreement!

November 2018

On April 20, 2018, the Governments of Costa Rica and the U.S.A. signed a new version of their   https://www.jdsupra.com/legalnews/the-us-and-costa-rica-have-a-new-tax-77866/

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Banquero Irá a la Cárcel por FATCA

November 2018

El 11 de Noviembre del 2018, el Departamento de Justicia de los EE. UU. (“DOJ”) informó que el banquero Adrian Baron, https://www.jdsupra.com/legalnews/banquero-ira-a-la-carcel-por-fatca-21137/

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Banker will go to jail over FATCA

November 2018

On September 11, 2018, the US Department of Justice (DOJ) reported that banker Adrian Baron https://www.jdsupra.com/legalnews/banker-will-go-to-jail-over-fatca-24456/

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What is your Work Status? Employee or Independent Contractor?

October 2018

Worker classification or work status has an effect on how a Taxpayer will pay federal income taxes, social security and Medicare taxes,  https://www.jdsupra.com/legalnews/what-is-your-work-status-employee-or-16657/

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Condominium Owner? How to spot problems with your HOA

October 2018

Statistics show that most Condo owners do not attend Board of Directors (BOD) meetings and avoid involvement  with HOA issues. As a result,  https://www.jdsupra.com/legalnews/condominium-owner-how-to-spot-problems-86694/

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Tax Fraud and the Element of Willfulness

October 2018

Tax fraud is often defined as an intentional wrongdoing on the part of a Taxpayer with the specific purpose of evading a tax known or believed owed. Tax fraud requires:    https://www.jdsupra.com/legalnews/tax-fraud-and-the-element-of-willfulness-31839/

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Don’t forget about your Right to Retain Representation

October 2018

Taxpayers have a Taxpayers Bill of Rights: ten fundamental rights available to them when dealing with the IRS.  They are:   https://www.jdsupra.com/legalnews/don-t-forget-about-your-right-to-retain-27313/

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