The tax authorities of the UK, US, Australia, Canada and Netherlands have set up a joint committee to improve international enforcement against tax crime and money laundering. The first meeting of the so-called J5 Group (Joint Chiefs of Global Tax Enforcement) was held during July 2018 where plans where developed to detect cyber criminals and enablers of offshore tax crime. The…
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District Court Approves IRS Levy on Taxpayers' Principal Residence
A district court has approved IRS's levy on taxpayers' principal residence, noting that: 1) IRS established that there were no reasonable alternatives for collection; 2) IRS's determination that the taxpayers were ineligible for an offer in compromise was correct; and 3) taxpayers' pending installment agreements didn't prohibit the levy. (Gower, (DC FL 7/10/2018) 122 AFTR…
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Don't Be 1 of the 362,000 Americans Waiting To Have Their Passports Revoked Because They Owe Back Taxes!
On June 18, 2018 we posted Revocation & Denial of Passport For Unpaid Taxes Is Happening NOW! where we discussed that the IRS issued Notice 2018-1 on January 16, 2018, which provides guidance for implementation of the new IRC 7345 and also discussed that the IRS webpage on Revocation or Denial of Passport in Case of Certain Unpaid…
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Major SC Decision Allows States to Require Online Retailers to Collect Sales Tax!
The US Supreme Court has ruled in South Dakota v Wayfair, Inc. that retailers can choose to charge tax on online purchases, regardless of whether the consumers have a physical presence in the same state, overturning 26 years of precedent barring states from taxing out-of-state sellers. This is sure to be regarded as a landmark decision for…
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