Are you in compliance with the IRS rules regarding FBAR? The IRS amended the questions on the 2011 Schedule B of Form 1040. The 2011 form not only asks whether the taxpayer has a foreign trust or … [Read more...] about Foreign Bank Account Reporting (FBAR): Are you in compliance?
How To Get Your Hands on $1 Billion
The IRS estimated that it had $1 billion in unclaimed tax refunds waiting for you … [Read more...] about How To Get Your Hands on $1 Billion
Hazards of Not Following IRS Rules & Regulations
A very successful California entrepreneur was denied an $18.5 million tax deduction for his charitable donations because he failed to follow the IRS substantiation rules when filing his self-prepared … [Read more...] about Hazards of Not Following IRS Rules & Regulations
IRS Announces Major Changes to its OIC Program
The IRS announced on May 22 (IR-2012-53) major revisions to its Offer-in-Compromise (OIC) program which may allow many more taxpayers to resolve their IRS tax problems. What is an OIC? It is an … [Read more...] about IRS Announces Major Changes to its OIC Program
PRO BONO TAX SERVICES FOR MILITARY PERSONNEL
Military personnel who were deployed to combat zones and who are experiencing IRS problems can receive pro bono services … [Read more...] about PRO BONO TAX SERVICES FOR MILITARY PERSONNEL
Pay Zero Taxes on Capital Gains?
A client recently posed the question: “Is it true that there is a zero tax rate on capital gains?” Yes, a zero tax rate exists. It is … [Read more...] about Pay Zero Taxes on Capital Gains?
