A review of the IRS Office of Appeals, which resolves disputes between the agency and taxpayers, found officials did not always follow proper procedures when dealing with taxpayers or their legally designated representatives. A review of a statistical sample of 96 of 72,239 cases closed by Appeals between October 1, 2011 and September 30, 2012, showed that…
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US-Swiss Agreement Puts Swiss Banks and US Non FBAR Filers at great risk!
US Persons Who Previously Held Secret Swiss AccountsAre Running a Serious Risk Unless They Make a Voluntary Disclosure ASAP! On August 29, 2013 we posted Swiss Banks Agree to Plan to End Past US Tax Evasion Issues! where we discussed that the Swiss banks were ready to pay hefty fines for sheltering United States tax fugitives…
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New Worries for Those Thinking of Renouncing US Citizenship!
If you are one of the many US citizens contemplating renouncing your US citizenship, Congress recently sent a fairly clear message that now, as opposed to later, may be the right time to get out of the club. On June 12, 2013, US Senators Jack Reed (D-RI) and Chuck Schumer (D-NY) attempted to add yet…
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1st Loss for IRS Involving Swiss Bank Accounts!
Happiness.” That is what retired auto dealer Jimmy Pflueger told reporters he felt as he left the U.S.District Court House today, just after U.S. District Judge Leslie Kobayashi found him “not guilty” on four federal tax fraud charges. The 87-year-old retired automobile dealer - who founded the Pflueger dealerships – had been charged with filing…
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