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Monthly Archives: December 2014

Two Weeks To Benefit from the Recently Passed Tax Extenders Bill!

This past Friday, December 19, 2014, President Obama signed into law the Tax Increase Prevention Act of 2014 (HR 5771) which passed the the Senate on December 16th, 2014, that retroactively extended certain tax incentives which had expired on December 31, 2013 for one year. Individual Tax Extenders: Research and experimentation credit; 50% first-year bonus depreciation;…
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Court Authorizes IRS to Issue Summonses For Records of U.S. Taxpayers Who Used Sovereign Management & Legal Ltd. to Conceal Offshore Accounts, Assets or Entities

On December 19, 2014 the DoJ announced that U.S. District Judge Vernon S. Broderick entered an order on December 18, 2014 authorizing the IRS to issue summonses requiring: Federal Express Corporation, doing business as FedEx Express,  FedEx Ground Package System Inc., aka FedEx Ground,  DHL Express (DHL),  United Parcel Service Inc. (UPS),  Western Union Financial…
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