Classification of Taxpayers for U.S. Tax Purposes

/
U.S. law treats U.S. persons and foreign persons differently…

Disclosing Foreign Bank Accounts Through the OVDI Program

/
A taxpayer who has not disclosed foreign bank accounts to the…

Beware the Potential Tax Pitfalls of Investing in Offshore Mutual Funds – “PFIC” Concerns

/
U.S. persons ought to be aware of the potential tax heartaches…

Avoiding Penalties Through the First Time Abate Policy

/
Taxpayers who are facing a potentially large IRS penalty for…

Amending a Filing Will Not Trigger an Audit

/
There is a common belief that if you amend your tax return, you…

Warding Off a Tax Levy with a Payment Plan

/
If you owe more in taxes than you can afford, you have several…

The Pros and Cons of an Installment Agreement

/
Owing back taxes doesn’t mean that you have to live in fear…

Using an Offer in Compromise to Avoid a Tax Lien

/
Working with a tax lawyer in Los Angeles to reach an Offer in…

IRS Increases User Fee For Establishment Of Payment Plan

/
Effective January 1, 2014, the user fee charged by IRS to establish…

IRS Increases Application Fee For Offer In Compromise

/
Effective April 27, 2020, the application fee charged by IRS…

Avoiding Increases in Taxes in Audits on Art Appraisals

/
Whether you are dealing with art given to you as a gift, or art…

Avoiding Increases in Taxes in IRS Audits over Your Charitable Giving

/
Giving money or goods to a charity is admirable but it can also…