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Is the IRS restricting passports?

In what looks like a certainty to be passed into law, the House and Senate have separately passed versions of a highway bill that includes the necessary language to restrict the passports of those owing over ...

Do you qualify for the IRS Fresh Start Program?

Believe it or not, the IRS Fresh Start Program actually offers some benefits! We've used this initiative to help individuals and small businesses around the country and the world settle their an IRS probem. But who qualifies and for what exactly? Read this article to learn what you need to know about the IRS Fresh Start Program.

A look inside: The Taxpayer First Act of 2018

A new bill, The Taxpayer First Act of 2018 has bipartisan support and it is making its way through Congress. We expect it to pass. While there are some helpful items in the bill, many of them are rehashed ideas that failed, or lack any concrete metric for success. We expect money to be spent, but leading to nothing positive. Yet there is some good. So let's get to it.

Desperate for revenue, Connecticut DRS makes a bold move sending notices to Newegg customers

If you're a Connecticut resident, chances are you've been shortchanging the State Treasury each year when you file your state income tax return, most likely without even realizing it. With the increasing ubiquity of the online marketplace and the convenience that online shopping offers, many have turned to the internet to buy all manner of goods and services. The fact that many online retailers do not charge sales tax on purchases is seen by many to be an extra incentive to shop online. However, what many do not realize is that just because your go-to online store doesn't charge you sales tax doesn't mean that you're off the hook for paying taxes. Connecticut law requires you to self-report the purchase and pay use tax in lieu of sales tax. For years, many have flouted this requirement with little to no consequence, as means of effective enforcement simply did not exist. However, this week the Connecticut DRS made waves by sending out use tax assessments for prior years to customers of at least one online retailer:

IRS Updates for those affected by Hurricanes

Hurricane Harvey wreaked havoc on Texas. Now, Hurricane Irma is threatening Florida. The IRS is offering assistance to those in the affected areas.

Making the Bank Secrecy Act even worse: Kill Senate Bill 1241

In late May, a new bill was introduced. Senate Bill 1241 is known as the “Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017". The proposals in this bill are downright scary. 

How the IRS travel ban works

Starting in 2018, the Transportation Safety Administration (TSA) will begin to require a REAL ID in order for a US citizen to board a US domestic flight. Most states issue IDs that comport to the REAL ID standards. However, a few don't. If you are a US citizen in a state that does not have a REAL ID, you will have to use your US passport or military ID ( if you have one) in order to board. If you do not have such an ID, you can not fly. Or, to put it another way, you are banned.

FATCA repeal and tax reform updates with Solomon Yue

We were joined by Solomon Yue -- an integral force behind the effort to repeal the Foreign Account Tax Compliance Act (FATCA). We wanted to check in with Solomon to find out what progress has been made since the hearing.

The Pomerantz FBAR victory -- for now

FBAR penalties cannot be collected like regular taxes. In order to enforce collections, a civil judgement is required. The IRS civilly assessed Mr. Pomerantz FBAR willful penalties and interest on unreported accounts. Things did not go well for the government

FATCA contact information #repealFATCA

The Foreign Account Tax Compliance Act (FATCA) is  a law that affects so many negatively. We are partnered with a group in Washington that is working so hard to get FATCA repealed. We are asking for your help. 

The folly that is the FATCA same-country exemption

The Democrats on the House Oversight Committee tacitly admit that the Foreign Account Tax Compliance Act (FATCA) has some serious problems. But FATCA was a Democrat law, so they seem...

Expert Minority Witness at FATCA hearing - 15 things she got wrong

On April 26, 2017, Anthony and Claudine attended a hearing in Washington, DC - The "Unintended Consequences of the Foreign Account Tax Compliance Act (FATCA)". The minority expert witness got quite a few things incorrect during...

Watch the Repeal FATCA hearing live April 26, 2017 2 pm EDT on IRSMedic

Claudine and I will be in Washington, DC to support the effort to repeal the Foreign Account Tax Compliance Act (FATCA). Proponents of FATCA claim it assists in tax compliance. But those impacted by the law, many of them our clients, know is it a senseless, mindless absurdity whose human costs far outstrip the trifle revenue its supporters claim it raises.

IRSMedic on the Chaz & AJ Show

Anthony recounts one tax nightmare involving an unreported "foreign" account and a holocaust survivor. How he reduced a potential $250,000 penalty down to a $2500. But how he still wanted to fight for less He also gives some general tax advice to WPLR listeners.

US government helping the Dutch with tax evasion

One of the criticisms lodged against countries complying with the Foriegn Tax Compliance Act (FATCA) is that the relaitionship is one-way. All these countries have forced...

The use of private debt collections for IRS tax debts

After a massive rash of IRS scam calls, in which operators claimed to be the IRS and intimidated and tricked individuals into paying non-existent tax bills, the IRS issued statement after statement to clarify legitimate ta collection from criminal. The IRS claimed a taxpayer should know that IRS never calls taxpayers. That is, if someone is calling you about a past tax debt, the call is not legitimate. On March 23, 2017 this all changed.

Passport Revocation Notices - The stream begins

The last update we saw on the IRS' website was: "The IRS has not yet started certifying tax debt to the State Department. Certifications to the State Department will begin in early 2017, and this webpage will be updated to indicate when this process has been implemented. The information presented here is for informational purposes only." That was, until ...

Repeal FATCA: An update with Jim Jatras

Jim Jatras of joins us for an update on the fight against FATCA. Jim details progress made in the fight he and his team have undertaken to try to get FATCA repealed as there’s been a lot of activity lately. He talks about working with Nigel Green of the deVere Group to rally...

2017 tax filing due dates

Important dates for both individuals and businesses filing for this tax season. Please note the change made to the FBAR filing deadline as it is now different than in the past.

The IRS's own fraudulent notices

There are new tax scams where people receive fraudulent IRS notices that try to strong arm them into paying money the scammers are not entitled to. Unfortunately, one could argue that they have to worry about fraudulent notices from the IRS as well.

IRS Fraud update as scammers get smarter

It is estimated that victims have collectively paid over $26.5 million in the past 3 years. Tax scams have been increasing every year; the IRS said that ...

The New York Times and Donald Trump

With regards to the leaked tax returns of Donald Trump, Mark Joseph Stern of Slate runs interference for the New York Times and wrote an article claiming that: "The Times published portions of tax returns from...

Installment Agreements - Positive Changes from the IRS...Sort of

The IRS wants your money. And when you can't afford to pay your tax liability in full, they're willing to take what they can get. That is why things like an Offer in Compromise and Installment Agreements were created. The IRS realized they can't get blood from a stone, but they can get something ...

That was quick: Israel caves on FATCA

It looks like we got a bit too optimistic last week about the initial victory in the Israel Foreign Account Tax Compliance Act (FATCA) case. The temporary injunction issued by Justice Hanan Meltzer which ordered officials to stop work of FATCA implementation has ...

Israel stands up to FATCA

9/13/2016 Update: Less than a week later, Israel has caved in: /2016/09/13/israel - caves - into - fatca/. It's Israel versus FATCA. A true David and Goliath story, and we're rooting for David.

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