Entries by Tax Attorney

Jeffrey B. Kahn, Esq. Discusses taxes, the IRS and undisclosed foreign accounts On ESPN Radio – January 30, 2015 Show

January 30, 2015 in /by

Topics Covered: 1. Does The National Football League Deserve Tax-Exempt Status? 2. Hiding Money Or Income Offshore Among The List Of Tax Scams For The 2015 Filing Season 3. Programs And Plans Available To Taxpayers To Resolve Outstanding IRS debts And Avoid Collection Action 4. Questions From Our Listeners: a. Is there an advantage to […]

Hiding Money Or Income Offshore Among The List Of Tax Scams For The 2015 Filing Season

January 30, 2015 in , /by

IRS Commissioner John Koskinen was proud to announce that “the recent string of successful enforcement actions against offshore tax cheats and the financial organizations that help them shows that it’s a bad bet to hide money and income offshore and he encouraged taxpayers to come in voluntarily and getting their taxes and filing requirements in […]

IRS Targeting California As Its Booming Economy Overtakes Brazil As The World’s Seventh Largest Economy

January 26, 2015 in /by

California is overtaking Brazil as the world’s seventh-largest economy, bolstered by rising employment, home values and personal and corporate income, a year after the U.S. most-populous state surpassed Russia and Italy. Brazil has a population five times bigger than California’s 38.3 million; yet the Golden State with GDP of $2.20 trillion in 2013, expanded last […]

Jeffrey B. Kahn, Esq. discusses IRS and taxes on the January 25, 2015 radio show “Talking Money with Mr. C” on 760AM KFMB in San Diego

January 25, 2015 in /by

Issues discussed: 1.  IRS becoming less and less reachable and taxes getting more complicated at the same time. Is this setup for a disaster this tax year? 2.  Itemizing deductions is one of the first filters the IRS uses to find people whom to audit. Consumer reports recently gave us this list of Do’s/Don’ts for […]

Beware Of IRS Scams Extended To Taxpayers Appealing To The U.S. Tax Court

January 23, 2015 in , /by

Process Of Appealing To U.S. Tax Court Under normal audit procedures, the IRS issues a 30-day letter, giving a taxpayer 30 days to file a protest and request an Appeals hearing. On the taxpayer’s failure to request a hearing or following an Appeals hearing, the Service issues a 90-day letter (officially called a “Notice Of […]

Target San Diego County, California – Think You Can Hide From The IRS? 

January 19, 2015 in , /by

The IRS is using its extensive Big Data resources to pin-point their investigations to the wealthiest areas in San Diego County, California. The idea being that anyone who is selected for investigation in these areas will result in a higher tax liability than those who live in less affluent areas. The government is looking for […]

Sovereign Management In Panama Now Under DOJ/IRS Investigation.

January 19, 2015 in , /by

Important announcement to U.S. taxpayers that opened offshore bank accounts through a company called Sovereign Management & Legal, Ltd. Based in Panama, the company offers to help Americans open offshore bank accounts with nominee corporations. Knowing that many people who do take these actions are also committing tax evasion, the IRS and Justice Department obtained […]