According to Forbes, not even 1,500 highly compensated tech employees at the IRS could keep the website running on Tax Day, the most important day of the year for taxpayers and the IRS. Although tax season is busy throughout March and April, it all comes down to one day. This year, on April 17, when…
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All That You Wanted to Know About Form 706NA – Part II
We previously posted All That You Wanted to Know About Form 706NA - Part I, where we discussed that in the area of estate tax compliance, many of us have prepared Form 706’s, the estate tax return for US citizens and domiciliaries. To be sure, this form is quite voluminous and can take a while…
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British Solicitor & US Lawyer Found Guilty For His Participation In Tax Fraud Scheme Involving Swiss Bank Accounts!
According to DoJ a federal jury found MICHAEL LITTLE guilty of charges that he participated in an 11-year tax fraud scheme in which he advised and helped an American family to defraud the Internal Revenue Service by hiding approximately $14 million in overseas Swiss bank accounts and by other means, failed to file his own personal…
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Foreign Investors Also Big Beneficiaries of TCJA, According to Recent CBO Estimates
According to Law360, Foreign investors stand to reap 43 percent of the economic benefits from the federal tax overhaul's effects on federal tax law during the next 11 years, according to a recent report from the Congressional Budget Office. In a Wednesday letter responding to an inquiry from Sen. Chris Van Hollen, D-Md., the CBO said…
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