Taking A Cooperative Approach To Your Legal Issues
The IRS is responding to the Coronavirus (COVID-19) pandemic in many different ways. The IRS specifically addressed installment agreements in Notice IR 2020-59. For those with an existing installment agreement, the requirement to make monthly payments is suspended for...
As Americans join together to defeat COVID-19, governments at all levels have shown us an unprecedented response. At the Federal level, laws are being passed in rapid succession, regulations are being prepared, and agencies are working tirelessly to implement new laws...
In a memorandum to all IRS employees dated March 27, 2020, the Deputy Commissioner for enforcement decreed that in order to assist employees, taxpayers, and their representatives who are working from alternative locations during the national virus disaster, a...
IRS Order to Employees: Evacuate Your IRS Order to Employees: Evacuate Your Post of Duty On Friday March 27, according to the Federal News Network,[1] effective today, IRS employees are to evacuate their posts in an effort to limit the spread of COVID-19, which has...
IRS OVDP Ending: Last Chance for Some IRS OVDP Ending: Last Chance for Some Taxpayers with Unreported Foreign Financial Assets By: Steven J. Mopsick and Allison Ornelaz As many in the tax and accounting field have predicted for some time, the IRS will be ending the...
BITCOIN USERS BEWARE: THE IRS MAY BE LOOKING FOR YOUR NAME By Steven J. Mopsick and Allison J. Ornelaz, Almost everyone has heard about Bitcoin by now, a digital currency which appears to offer the user a degree of privacy if not secrecy....
Jackie Bugnion, Former Tax Director of American Citizens Abroad, Comments to U.S. Senate Finance Committee Request for Tax Reform Proposals: Adopt Residence-Based Taxation (RBT) for Americans Resident Overseas One of the great anomalies in the world of international...
Americans Abroad: Welcome to the Hotel California: “You Can Check Out Any Time You Like But You Can Never Leave.” Beware: Americans Thinking About Moving Abroad or Dropping Their U.S. Citizenship. As the government looks for more ways to enforce the tax laws, a recent...
Summa Holdings – IRS Pushed Back on Substance Over Form Doctrine Domestic International Sales Corporations (DISC) allow deferral of federal income tax on certain income from exports. A DISC is often nothing more than a corporate shell formed to take advantage of a...
Owe An IRS Tax Debt? You May Soon Be Contacted By A Private Collection Agency! The IRS will soon begin using private collection agencies (PCA) to collect delinquent tax debts. The IRS has not yet announced a specific date, but said it will begin using PCAs as early as...
