According to Dennis N. Brager, an IRS revenue agent's job is to conduct tax audits of individuals and businesses as well as trusts and non-profit organizations. Revenue agents generally conduct tax audits of the most complicated tax returns ranging from small “Schedule C” businesses to the largest multi-national corporations. They are also assigned to the…
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US Border Tax Runs Into Obstacles
On February 10, 2017 we posted Border Tariff or Border Adjustment Tax or US VAT? where we discussed that there's a lot of talk these days about borders and taxes in Washington. U.S. President Donald Trump wants to hit firms that outsource with a simple tariff on imports. Republicans in Congress have pitched a more complex idea,…
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US Taxpayers & Their Advisors Doing Jail Time for Failing to Declare Offshore Bank Accounts!
On October 29, 2014 we posted More US Taxpayers & Their Advisors Face Jail Time for Failing to Declare Offshore Bank Accounts! where we discussed that the IRS hunt for offshore income and accounts continues unabated well beyond UBS. In fact, it’s intensifying and for those who don’t come forward before they are found, being…
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A Former Credit Suisse Client Gets 7 Month Jail Sentence!
We previously posted on November 7, 2016 we posted Swiss Bank Rats Out NYU Business Professor - Results in Fine of $100M & Up To 5 Yrs in Prison - What Are You Waiting For? where we discussed that a former client of Credit Suisse Group AG who pleaded guilty to hiding $200 million from U.S.…
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