WHAT HAPPENS TO ALL THE AMERICAN TAXPAYERS WHO CONTINUE TO HOLD OFFSHORE ACCOUNTS? As the IRS keeps up the pressure on U.S. taxpayers who are using offshore financial accounts and foreign investments to avoid U.S. taxes, many people who have been losing sleep over what to do about their foreign accounts and real estate in Panama, Belize and elsewhere, are…
Taking A Cooperative Approach To Your Legal Issues
Month: November 2011
Has the IRS Reorganization Worked?
Almost thirteen years ago, the IRS “reinvented” itself with a massive reorganization which changed the IRS corporate culture and the way the IRS had been doing business since 1952. Before 1998, the IRS was organized by geographical districts and regions which were virtual fiefdoms where district directors ruled over chiefs of collection, examination, and criminal investigations. In the 1998 Reorganization,…