The Man (or Woman) Without A Country
Having trouble viewing this email?Click here WEBSITE FIRM OVERVIEW ATTORNEYS TAX SEMINARS TAX CHAT CONTACT February 3, 2015 The White Knight Chronicles The Man (Or Woman) Without A Country Over the last two years, the number of U.S. expatriations has skyrocketed. For 2013 alone, the number of Americans renouncing their citizenship has increased […]
New FBAR Guidance Issued by IRS
Back on January 13, 2015, the IRS issued a bulletin entitled, “Options Available to Help Taxpayers With Offshore Interests,” designed to assist those who have failed to file timely FBARs. The bulletin is set up as a chart where a “Situation” is listed in the left-hand column and a “Compliance Option” is listed in the […]
A Message From Uncle Sam to Taxpayers Near and Far: ‘Don’t You Dare Lie To Me!’
Are you looking for a fun way to kill a few minutes when you think the boss isn’t looking, and the company’s firewall restricts access to your favorite website? Google the phrase, “the defendant showed no remorse” and see how many hits you get. I witness this phenomenon firsthand almost every day. When the judge […]
How Do You Know When You’re In Trouble With the Government? When The Name Of Your Trust is “Cappuccino” Spelled Backwards
The U.S. Attorney’s Office for the Southern District of New York issued a press release on January 20, 2015 announcing the guilty plea of a CEO for hiding over $ 8.4 million in offshore Swiss bank accounts. George Landegger, the Chairman and CEO of an international pulp mill company, pled guilty to willfully failing to […]
Thinking of Hiding Money Abroad? Don’t be a “Dirty Dog!”
In a recent IR published on January 28, 2015, the IRS said that avoiding taxes by hiding money or assets in unreported offshore accounts remains on its “annual list of scams known as the ‘Dirty Dozen’ for the 2015 filing season.” The complete article can be accessed here, and is quoted below: WASHINGTON — The […]