We first posted Whistleblower Exposes Massive Offshore Corruption! On May 6, 2013 where the enormous value of whistleblowers has once again been demonstrated with the release this of an investigation by the International Consortium of Investigative Journalists into off-shore holdings of people and companies in more than 170 countries and territories hiding trillions of dollars…
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FACTA Registration is Set To Begin in July!
Starting on July 15, 2013, the United States is scheduled to begin registering foreign financial firms with U.S. customers for a new anti-tax evasion law know as FATCA. The Internal Revenue Service still has not finalized sign-up instructions for the new online portal, due to open by July 15 in one of the last…
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IRS Is Considers Bonus for Furloughs Swap? Whats New For The Under Appreciated IRS Employees?
The Internal Revenue Service is considering canceling employee bonuses and using the money to avoid two unpaid furlough days, the agency’s interim leader told staff members in a memo today. The agency made the announcement on the same day that House Republicans proposed a 24 percent, or $2.9 billion, budget cut that would make the…
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IRS Can Subpoena a U.S. Bank on Behalf of the Mexican Taxing Authority!
The Tenth Circuit of the U.S. Court of Appeals upheld the denial of a motion by a Mexican citizen to quash a subpoena issued on behalf of the Mexican taxing authority (Villarreal v. United States, 10th Cir., No. 12-01131, 4/22/13). The subpoena was issued by the Internal Revenue Service on behalf of the Mexican taxing authority, Servicio…
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