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Monthly Archives: February 2015

IRS Releases Winter 2015 Statistics of Income Bulletin

The Internal Revenue Service today announced that the Winter 2015 issue of the Statistics of Income Bulletin is now available. Articles provide the most recent data available from various tax and information returns filed by U.S. taxpayers. This particular issue includes articles on the following topics: Sole Proprietorship Returns, 2012—Profits for almost 24 million returns…
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FATCA Update! – 112 FATCA Agreement To Date!

Since our last FATCA update which we posted on Monday, December 1, 2014, FATCA Update! - 101 FATCA Agreement To Date! the following 11 countries have signed FATCA agreements with the US  bringing the total to 112 jurisdictions with FATCA agreement including :  The U.S. and Seychelles sign agreement to implement FATCA. Seychelles is about to…
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5th Circ. Reverses Poultry Co.'s $30M Tax Deficiency - The Fifth Circuit on Wednesday handed a major victory to poultry production giant Pilgrim's Pride Corp., reversing a U.S. Tax Court decision that asserted the company owed $29.7 million in deficient taxes due to falsely claiming an ordinary loss after abandoning $98.6 million in securities. Have A Tax Problem?    Contact the Tax Lawyers…
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