The IRS has completely revamped its offer in compromise guidelines to greatly increase the number of taxpayers who will be able to qualify. The new guidelines are announced in a news release by the IRS (IR-2012-53, May 21,2012). Our tax attorneys will be revisiting many of the offers in compromise that are pending, and we…
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Use of Offshore Insurance Scams & Merchant Accounts to Evade Taxes – IRS Zeroing in on.
According to senior government officials, the government is continuing to crack down on offshore tax avoidance in a variety of ways, including a new focus on the use of offshore insurance companies and offshore merchant accounts to hide assets. Officials described many facets of an overall goal to stopping tax evasion, speaking to the Civil…
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IRS Announces More Flexible Offer-in-Compromise Terms to Help a Greater Number of Struggling Taxpayers Make a Fresh Start
IR-2012-53, May 21, 2012 The Internal Revenue Service today announced another expansion of its "Fresh Start" initiative by offering more flexible terms to its Offer in Compromise (OIC) program that will enable some of the most financially distressed taxpayers clear up their tax problems and in many cases more quickly than in the past. "This…
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Principal of Red Sea Management Sentenced to 20 Years.
Jonathan Curshen, 47, the principal of Red Sea Management and Global Securities and Honorary Consul to Costa Rica for St. Kitts & Nevis was sentenced to 20 years in prison for a $7 Million Stock Manipulation Fraud in Miami on Friday last week. Curshen and his co-defendant, Las Vegas stock promoter Nathan Montgomery, were involved…
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