New Streamlined Procedures for Foreign Bank Account Violaters

IRS Gives Big Break to Non-Willful Foreign Bank Account Holders On June 18th, 2014, the IRS announced that it had put in place new procedures for foreign bank account holders that effectively reduce the delinquency…

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More Swiss Banks to Disclose Names to IRS

Accounting Today reports that one of Switzerland’s oldest banks, Clariden Leu, has become the latest to cooperate with U.S. tax authorities in disclosing the names of American investors: The bank has begun notifying some of…

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Beware of Foreign Tax Evasion Promoters

Fortunately, the Milwaukee Brewers surprising loss to the St. Louis Cardinals in the National League Championship Series has not blurred Milwaukee lawyer and blogger Brian Mahany‘s judgment in tax matters.¹ Mahany, proprietor of the law blog,…

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IRS Audit’s Google

I just googled “IRS audit of Google” and found this blog post by Paul Caron: Bloomberg, Google Tax Probe to Focus on Offshore Units, by Jesse Drucker: The IRS is auditing how Google avoided federal…

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The Right Way to Raise Revenue: IRS Gets $2.7 Billion from Offshore Amnesty Program

It is unfair for the government to demand that those who have followed the law and paid their taxes pay more taxes simply because federal bureaucrats are too lazy or too inc0mpetent to enforce the current laws….

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