Author Archive for: Tax Attorney
Entries by Tax Attorney
IRS Voluntary Disclosure Program – It’s Not Just For Undisclosed Foreign Bank Accounts.
A tax crime is complete on the day the false return was filed. It is a federal crime for anyone to knowingly and willfully file an income tax return that he or she knows to be false in some material way. 26 U.S.C. § 7207 provides: Any person who willfully delivers or discloses to the […]
Target Orange County, California – Think You Can Hide From The IRS?
The IRS is using its extensive Big Data resources to pin-point their investigations to the wealthiest areas in Orange 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 non-filers, […]
Famous Alaska Bar Landmark Shut Down By IRS Is Reopened By New Owners
Alaska’s economy is dominated by the oil, natural gas, and fishing industries, resources which it has in abundance. Tourism is also a significant part of the economy and that is where you can find some classic Alaska bars but for some time now these bars have been under pressure to stay in business and to […]
Don’t Believe The Seven Deadly Myths Of FATCA Non-Enforcement.
This May Be Your One Last Opportunity to Avoid Criminal Prosecution and Increased Civil Penalties! Since July 1, 2014, the most feared U.S. legislation regarding international tax enforcement – Foreign Account Tax Compliance Act (“FATCA”) – is being implemented by most banks around the world. As part of this compliance, foreign banks from around the world […]
Target San Francisco Bay Area, California – Think You Can Hide From The IRS?
The IRS is using its extensive Big Data resources to pin-point their investigations to the wealthiest areas in the San Francisco Bay Area and Silicon Valley. 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 […]
U.S. Cracks Israeli Bank Leumi – Bank Admits to Assisting U.S. Taxpayers in Hiding Assets in Offshore Bank Accounts
Americans with Israeli bank or other financial accounts could face a tough tax season in 2015 if they do not come forward and disclose their assets to the IRS. Israeli banks have come under increased scrutiny by the IRS in regards to disclosing the accounts of their American clients. In particular, three Israeli banks- Bank […]
IRS Computers Not Affected By IRS Budget Cuts
Despite IRS Commissioner John Koskinen’s warning of IRS Office Shutdowns, IRS computers are still operating 24/7 to check tax returns for errors and incomplete data, process refunds and identify returns that need to be scrutinized. It’s impossible to imagine the Internal Revenue Service or most other number-crunching agencies or companies working without computers. But when […]
Jeffrey B. Kahn, Esq. Discusses Taxes And The IRS Budget Cuts On ESPN Radio – December 19, 2014 Show
Topics Covered: 1. Don’t Let The Recent Funding Cuts To IRS Give You A False Sense Of Complacency. 2. Target Los Angeles, California – Think You Can Hide From The IRS? 3. Did You Receive A Letter From Your Foreign Bank, Urging You To Report Your Account To The U.S. Government Under FATCA? 4. Questions […]
Target: Los Angeles, California – Think You Can Hide From The IRS?
The U.S. Attorney’s Office in Los Angeles is taking on a pilot project to pin-point their investigations to the wealthiest zip codes in the L.A. metro area. 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. […]
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