...because they did not mention the foreign accounts to their accountant and signed tax returns inaccurately denying the existence of any foreign bank accounts on signed tax returns. This...
...IRS collections officers what the IRS system has calculated as the statute of limitations for tax collection. The general rule is that the IRS must collect taxes within 10 years...
...the IRS each year by filing a Report of Foreign Bank and Financial Accounts (FBAR). Taxpayers must file the FBAR annually and the last day to timely file is at...
...to report. Persuasive experienced legal advocacy will be very important. This appeal should include all relevant facts and documents supporting the taxpayer’s position. Once a taxpayer appeals, the IRS Appeals...
...to file Form 3520, Notice CP 15 or CP 215 is sent to the taxpayer notifying the taxpayer which requires a timely response. If the taxpayer wishes to appeal the...
...with increased tax enforcement. In fact, I recommend taxpayers get independent tax legal counsel to review complex tax returns (beyond the regular tax preparer). To schedule a free tax planning strategy...
...second half of 2021 after taxpayers’ reasonable reliance on the laws in their tax planning and transactions. I also predict the returning the estate tax exemption amount to pre-Trump levels...
...in possession of records that identify taxpayers with transactions or accounts at offshore private banks. Soft letters are IRS correspondence to targeted taxpayers identifying tax noncompliance and passively seeking compliance....
...a taxpayer who either does not timely file a required tax return and timely pay a tax due for the delinquent return. If contacted by the IRS, the taxpayer should...
...report these on her 2010 federal income tax return or disclose the accounts to the IRS. In 2012, the taxpayer asked to participate in the IRS’s Offshore Voluntary Disclosure Program,...
...attorneys practicing in estate planning matters seeking to learn about common estate planning techniques, including New Jersey-specific instruction and tax minimization. Topics to be covered include: Durable power of attorney...
...attorneys practicing in Estate Administration and probate matters seeking to learn about probate procedures, including New Jersey-specific instruction and tax minimization. Topics to be covered include: * Managing the estate...
