Entries by Tax Attorney

Did You Receive A Letter From Your Foreign Bank, Urging You To Report Your Account To The U.S. Government Under FATCA?

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 […]

2015: A New Year And A New Era – Number Of FATCA Compliant Countries Continues To Increase

Under the Foreign Account Tax Compliance Act (“FATCA”), foreign banks, insurers and investment funds must send the Internal Revenue Service information about Americans’ and U.S. permanent residents’ offshore accounts worth more than $50,000. Institutions that fail to comply could effectively be frozen out of U.S. markets. As of this blog posting, the U.S. has entered […]

Jeffrey B. Kahn, Esq. discusses taxes on the November 23, 2014 radio show “Talking Money with Mr. C” on 760AM KFMB in San Diego

  Are you at risk for this major tax penalty? Don’t let the hustle and bustle of the holiday season distract you into a hefty tax penalty come April. The Internal Revenue Service expects consumers to begin taking distributions from many of their retirement accounts-including 401(k) and 403(b) plans, and traditional IRAs-starting in the year […]

Your Worst Nightmare: An IRS Audit

Your business is growing and you are prospering. Business is good. Life is good. Then the unbelievable happens, which turns your world upside down and pushes you into pure panic. This panic mode is instantly brought on by receipt of an IRS audit letter. Most of us don’t fear something exploding or catching on fire […]

Jeffrey B. Kahn, Esq. Discusses Celebrities And Their Tax Problems On ESPN Radio – November 21, 2014 Show

Topics Covered: 1. “Celebrities And Their Tax Problems” – Lauryn Hill, Wesley Snipes, Richard Hatch, Willie Nelson and Chris Tucker. 2. Lien vs. Levy 3. Aggressive Actions Beyond Liens And Levies Taken By California Tax Agencies- Franchise Tax Board (“FTB”), Board Of Equalization (“BOE”) and the Employment Development Department (“EDD”). 4. Questions from our listeners: […]