On February 13, 2017 we posted US Taxpayers & Their Advisors Doing Jail Time for Failing to Declare Offshore Bank Accounts! where we discussed that the IRS hunt for offshore income and accounts continues unabated well beyond UBS; as evidenced by a former client of Credit Suisse Group AG who pleaded guilty to hiding $200 million from U.S.…
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145 Offshore Banks & Now Financial Advisors Are Turning Over Your Names To The IRS – What Are Your Waiting For?
On October 15, 2016 we posted 144 Offshore Banks & Now Financial Advisors Are Turning Over Your Names To The IRS - What Are Your Waiting For? and since then the Government has add 1 more Financial Advisor Michael A. Behr (effective 1/25/17) to this list bringing the number to 145 Offshore Banks and Foreign Financial Advisors.The IRS keeps updating…
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Private Debt Collection of Some Overdue Federal Taxes Starts in April!
We previously posted on September 27, 2016 IRS To Outsource Debt Collections where we discussed that the IRS announced that it plans to begin private collection of certain overdue federal tax debts next spring and has selected four contractors to implement the new program.Now according to the IRS starting April 2017, the Internal Revenue Service will begin…
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Ryan’s Border Tax Shaky as Trump Ponders Overhaul Plan
We previously posted on March 24, 2017 Breaking News - Possibly No Tax Reform This Year! where we discussed that Warren Payne, a former House Ways and Means Committee policy director now with Mayer Brown LLP, believes that passing tax reform by August will be ‘‘impossible’’ this year. Rather, he suggested during a conference call…
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