Topics Covered: Lessons learned from the criminal tax evasion Conviction of Rashia Wilson a/k/a “Queen Of IRS Tax Fraud”. What should you do where you have undisclosed foreign bank accounts and unreported foreign income? Understanding the IRS Criminal Investigation Process and what signs to be on the lookout for that you may be subject to […]
Topics Covered: 1. Ty Warner, Beanie Babies Creator, Convicted For Not Disclosing Foreign Bank Accounts. 2. Don’t Believe The Deadly Myths Of FATCA Non-Enforcement. 3. The New And Improved IRS Streamlined Procedures For Taxpayers With Undisclosed Foreign Bank Accounts. 4. Questions from our listeners: a. What should I look for in finding the best […]
It’s that time of year again…tax season. For many small business owners, taxes top the list of business-related concerns. In fact, the National Federation Of Independent Business (“NFIB”) Small Business Economic Trends survey, released earlier this year, revealed that 20% of businesses cite taxes as their biggest problem. With April 15th fast approaching, more and […]
Issues discussed: When is traveling a legitimate business expense? What are the Pros/Cons of doing a tax extension? How liable am I for my spouse’s tax mistakes?
Issues discussed: a. Yahoo published an interesting video and article this week about what it’s like to get audited by the IRS. http://finance.yahoo.com/news/my-experience-getting-audited-140551190.html You’ve helped a LOT of people in this situation before, so what advice can you give someone who might be getting that notice in the mailbox today…? b. Your blog on Ty Warner […]
It’s been about 20 years since the U.S. suddenly fell in love with the adorable 5-inch Beanie Baby dolls created by Ty Warner. But in October 2013 billionaire Ty Warner broke down crying in U.S. District Court as he pleaded guilty to one count of tax evasion for hiding $25 million in income in secret […]
Issues discussed: Mr. C asks: Did I hear you talking on your radio show about how the IRS can levy accounts before proving any wrong-doing? The 5 biggest Homeowner Tax Breaks
Topics Covered: 1. An Unusual But Effective IRS Collection Tool: The Writ Of Ne Exeat Republica 2. The IRS Does Care About Your Small Undisclosed Foreign Bank Account! 3. Freelancer? Avoid these ‘7 deadly sins’ at tax time. 4. Questions from our listeners: a. Will the IRS punish me if I hire a tax attorney? b. Should […]
Congress has given the IRS potent tools to collect taxes. The IRS can impose liens on a taxpayer’s property and can seize it through levy, all without prior judicial authorization. But for taxpayers who attempt to move or keep their assets offshore to circumvent IRS collections – beware of the writ of ne exeat republica. […]
Since 2009 the IRS campaign against unreported income and undisclosed foreign accounts has morphed from a focus on Swiss banks and large accounts to a kind of everyman’s tax disclosure. But keep in mind that just like when the net is lowered into the water it catches all sizes of fish – the IRS states […]
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