Headline: If You Have An Undisclosed Foreign Bank Account, You May Owe The IRS $10,000!
1. Who needs to worry about this?
2. What form do you file?
3. What if you missed the filing date?
4. What should you do?
1. Welcome to a new era of transparency where the IRS is getting information on U.S. taxpayers from foreign banks and the IRS is taking action by examining and investigating taxpayers who are not reporting their worldwide income nor disclosing their foreign accounts.
2. Breaks IRS is providing to waive penalties for U.S. taxpayers with undisclosed foreign bank accounts.
3. The top ten tax problems that taxpayers face with the IRS.
4. Questions from our listeners:
a. Why should I hire the Law Offices Of Jeffrey B. Kahn for my IRS tax problem instead of using a local CPA or a general attorney?
b. I have unfiled tax returns so what should I do?
c. I can’t pay the IRS what I owe, what are my options?
Topics Covered:
1. The Story Of Bradley Charles Birkenfeld And How Because Of His Actions No Longer Can Foreign Accounts Be A Secret.
2. When would I have undisclosed foreign bank accounts? So when someone has a foreign account, what are the filing requirements? What are the penalties? What is the solution?
3. Nine Things That Will Elevate Your Chances Of Being Targeted By IRS For Past Nondisclosure Of Foreign Accounts and/or Failure To Report Worldwide Income
4. My CPA who I have been going to for years has never told me that I had to report my foreign income. Now that I know I have to report my foreign income and disclose my foreign bank accounts, do I accept my CPA’s offer to represent me in OVDP or do I hire you?
Topics Covered:
1. Lessons learned from the criminal tax evasion Conviction of Rashia Wilson a/k/a “Queen Of IRS Tax Fraud”.
2. What should you do where you have undisclosed foreign bank accounts and unreported foreign income?
3. Understanding the IRS Criminal Investigation Process and what signs to be on the lookout for that you may be subject to an IRS Criminal Investigation.
4. Questions from our listeners:
When would I need to hire a tax attorney?
What constitutes IRS and State Tax Disputes that a tax attorney should be involved?
What constitutes Complex Legal Tax Issues that a tax attorney should be involved?
What questions should I ask when interviewing tax lawyers?
Topics Covered:
1. The Story Of Bradley Charles Birkenfeld And How Because Of His Actions No Longer Can Foreign Accounts Be A Secret.
2. What is an undisclosed foreign bank account and what are the penalties for not reporting foreign income?
3. Nine Things That Will Elevate Your Chances Of Being Targeted By IRS For Past Nondisclosure Of Foreign Accounts and/or Failure To Report Worldwide Income
4. My CPA who I have been going to for years has never told me that I had to report my foreign income. Now that I know I have to report my foreign income and disclose my foreign bank accounts, do I accept my CPA’s offer to represent me in OVDI or do I hire you?
Topics Covered:
1. Protect yourself: Scammers targeting taxpayers, including recent immigrants, throughout the country.
2. Types of audits that the IRS conducts and deadline to finish an audit.
3. Top 10 “red flags” that could increase the chance you’ll be targeted for an audit.
4. Will the IRS punish me if I hire a tax attorney? Should I use a national tax practitioner?
Listen to the podcast:
Board certified tax attorney Jeffrey B. Kahn discusses the following issues on ESPN’s Mr. Credit.
Aired on March 12 2014
a. The Gingrich-Edwards tax loophole…Am I in danger? http://www.cnbc.com/id/101464691
b. What about this tax return software that seems to be everywhere now? Are these causing people the problems I’m assuming they are causing?
c. How is working with the IRS now that they have been short-staffed for some time? Do you expect things to get worse or better over time?
Topics Covered:
1. Tax Planning if you are looking to get married – Marriage Penalty or Marriage Bonus?
2. What are some of the actions Revenue Officers take to collect taxes?
3. A Double Life, Missing Millions and Murder – can IRS debt lead to death?
4. The ABC’s of employment taxes and IRS collection efforts.
Listen to the podcast:
CA tax attorney Jeffrey B. Kahn discusses various IRS and Tax topics on Mr. Credit radio talk show.
Topics Covered:
1. National Football Association is recognized by the IRS as a tax-exempt entity.
2. Why should I hire you when I can call IRS on my own?
3. I hear all the time how firms can settle for pennies on the dollar – is that really true?
4. Offer In Compromise.
5. Installment Agreement.
6. Uncollectible Status.
7. Is there an advantage to hire a former IRS agent over a tax attorney?
8. My CPA who prepared my tax return which has now been selected for audit, wants to represent me – why should I decline his offer and hire a tax attorney?
Listen to the podcast:
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