U.S. Tax Court held in T.C. Memo. 2013-32 that the taxpayer George Schussel, was subject to transferee liability, because he caused his corporation to evade income taxes, the Jan. 31 Schussel v.Commissioner , T.C., No. 4050-11, T.C. Memo. 2013-32, 1/31/13 Don't Be Subject to Transferree Liability... Contact the Tax Lawyers at Marini & Associates, P.A.…
Read more
Interim Guidance For Fresh Start II Program For OIC & Payment Plans
The IRS SB/SE Division released interim procedural guidance SBSE-05-0112-0264 on the Fresh Start II program, dated January 27, 2013 which included revisions to Internal Revenue Manual Section 5.19.1.Tax Problem...We Have the Solution! Contact the Tax Lawyers at Marini & Associates, P.A. for a FREE Tax Consultation at www.TaxAid.us or www.TaxLaw.ms or Toll Free at 888-8TaxAid (888…
Read more
US Court Authorizes IRS to Obtain Swiss Bank Wegelin's Records of U.S. Depositors!
A federal judge has authorized the IRS to seek records from UBS AG, of U.S. taxpayers suspected of hiding their income in accounts with Swiss bank Wegelin.A US federal court has granted the Internal Revenue Service's request for a disclosure order against UBS, which acted as US correspondent bank for the now-defunct Swiss Bank Wegelin, handling…
Read more
Swiss to Accept Group Requests for Bank Information From Other Countries Starting Feb. 2013.
Switzerland will be able to provide banking and other details sought by other countries, that have concluded agreements with Switzerland on administrative assistance in tax matters to file “group”requests for information on their nationals suspected of tax evasion, even without their individual identification, provided the information has not been requested as part of some ‘fishing expedition’.A…
Read more
