On November 1, 2018 President Donald J. Trump issued a new Executive Order 13850 (E.O.) blocking all property and interests in property of any person determined by the Secretary of the Treasury, in consultation with the Secretary of State: to be operating in the gold sector of the Venezuelan economy or in any other sector of the Venezuelan…
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Tax Court Rejected Wesley Snipes' Offer of $842K to Settle His $23.5M Tax Debt
According to Law360, The Internal Revenue Service rejected actor Wesley Snipes' offer to settle his tax debt by paying 4 % of what he owed. (AP). The star of the "Blade" trilogy and "White Men Can't Jump," who served three years in prison for unpaid taxes until his release into a months long house arrest in…
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5 New LB&I Audit Campaigns Include FATCA Compliance
What Happened To The FATCA Wrecking Ball? According to Law360 on October 30, 2018 the Internal Revenue Service released five additional compliance campaigns, which are areas the agency will focus on during audits of the largest corporations, including one that addresses requirements under the Foreign Account Tax Compliance Act. The IRS’ Large Business and…
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