A Message From Uncle Same To U.S. Taxpayers: No One Is Above the Law When It Comes to Filing Timely And Accurate Income Tax Returns
Just in time for the April 15, 2015 tax filing deadline, the IRS issued a press release entitled, “Justice Department Reminds Taxpayers that No One Is Above the Law or Below the Radar.” No further commentary is necessary. The title says it all. Click here to read the article.
IRS-CI Publishes 2014 Annual Business Report
IRS-CI recently published its 2014 Annual Business Report. It contains statistics regarding the conviction-rate for 2014 and is very insightful. Click here to view it.
OVDP And Double Counting: Oh The Agony! – Part II
This is a continuation of Part I. This hypothetical pertains to a taxpayer who has applied to OVDP and who has transferred assets from one foreign account, which was recently closed, to another during the disclosure period. This is a simple example, yet it illustrates some of the common mistakes that are associated with double […]