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'Required Records' Decision Erodes Taxpayers' Fifth Amendment Rights

by Matthew D. Lee and Jed Silversmith

The Legal Intelligencer

Few rights are more sacrosanct than the constitutional privilege against self-incrimination. This right extends beyond making statements to police or testifying in court, but also to the act of producing records. 1,307 more words

Internal Revenue Code

About the “Surface Transportation and Veterans Health Care Choice Improvement Act of 2015”

Changes and Updates in Tax Return Due Dates

By Bobby Whirley CPA, Alpharetta, GA

On July 31st, 2015, President Obama signed into law P.L. 114-41, the “Surface Transportation and Veterans Health Care Choice Improvement Act of 2015.” 900 more words

Taxation

Many IRS Return Due Dates Changed for 2015 Reporting Season (including FBAR) and Change to IRS Audit Period

The Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 was signed into law on July 31, 2015.  This legislation changes the IRS return due dates going forward and the IRS audit period. 322 more words

International Tax Attorney

BEPS and Planet Mars

NASA recently announced that your name can be put on the planet Mars. This is incredibly great news for the people with good fortunes who are thrilled by the opportunity to gain their foothold in the universe and enhance their fame. 225 more words

Global Tax

FBAR OVDI Offshore Tax Issues

In 2012 the IRS announced another offshore voluntary disclosure program (the 2012 OVDI). These programs offer reduced penalties in exchange for taxpayers’ voluntarily coming into compliance before the IRS is aware of their prior tax indiscretions. 1,379 more words

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FBAR OVDI Cause Americans Problems Over IRS Reporting Requirements

Aggressive enforcement of tax rules for American expatriates and their families has prompted some middle-income earners to renounce their U.S. citizenship rather than risk sizable taxes and penalties. 1,268 more words

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Don’t Give the IRS Every Last Drop

The chances of an individual being audited have approximately doubled since 2000. So you need to be careful with your tax return. Have you seen the commercials where certain companies advertise that they can settle an IRS debt for “pennies on the dollar?” Usually the offer is too good to be true. 697 more words

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