Cancellation of Tax Court Trial Sessions Scheduled to Begin October 7 and 8, 2013. United States Tax Court trial sessions scheduled to start on Monday, October 7, 2013, in Baltimore, Chicago, Dallas, Detroit, Miami, and New Orleans, and on Tuesday, October 8, 2013, in Pittsburgh have been cancelled due to a lapse in the Court's…
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Are You One of the > 10,000 US Taxpayers Who Need To Enter the OVDP Program?
Numerous U.S. taxpayers with previously undisclosed interests in foreign financial accounts and assets continue to analyze and seek advice regarding the most appropriate methods of coming into compliance with their filing and reporting obligations. Many are pursuing participation in the current IRS offshore voluntary disclosure program (the OVDP which began in 2012), modeled after similar…
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UBS Criminal Casualties, so Far and More Guilty Pleas Over Offshore Accounts in the Works!
As the U.S. and Swiss Reach a Deal on American TaxEvaders, the IRS hunt for offshore income and accounts continues unabated. In fact, it’s intensifying. See Liechtensteinische Landesbank Turned Over 200 Clients to US government. . For those who don’t come forward before they are found, being found can be awfully painful. See list of UBS criminal convictions, so…
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IRS Operations Limited During The Government Shut Down!
Due to the current lapse in appropriations, IRS operations are limited. However, the underlying tax law remains in effect, and all taxpayers should continue to meet their tax obligations as normal. Individuals and businesses should keep filing their tax returns and making deposits with the IRS, as they are required to do so by law. The…
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