Entries by Tax Attorney

London Mayor Refuses To Pay U.S. Tax Bill

London Mayor Boris Johnson is being pursued by U.S. tax officials while his former New York counterpart Michael Bloomberg was given an honorary knighthood by Queen Elizabeth last month. Beware As The U.S. Tax Net Closes On Thousands Of U.S. Citizens Living Abroad. The Conservative mayor of London – who was born in New York […]

Why You Don’t Mess With California – A Primer On California Tax Collection Actions.

California is unique in the structure of its tax system. Most States operate under a single tax agency. The Federal government uses a single tax agency called the IRS. But California has three tax agencies! They are the Franchise Tax Board (“FTB”), Board Of Equalization (“BOE”) and the Employment Development Department (“EDD”). What does FTB […]

The Power Of The Federal Tax Lien.

A lot of people get confused between Tax Liens and Tax Levies – let us break this down for you. A lien is not a levy. A lien secures the government’s interest in your property when you don’t pay your tax debt. A levy actually takes the property to pay the tax debt. If you […]

Year-end Tax Checkup If You Are Older Than 70.5 Years – Have you satisfied your 2014 required minimum distribution?

Do not be at risk for a major tax penalty. Don’t let the hustle and bustle of the holiday season distract you into a hefty tax penalty come April. As the end of a year approaches, many consumers begin taking distributions from many of their retirement accounts-including 401(k) and 403(b) plans, and traditional IRAs-starting in […]

Jeffrey B. Kahn, Esq. Discusses IRS Progress In Finding Taxpayers With Undisclosed Foreign Accounts On ESPN Radio – November 7, 2014 Show

Topics Covered: The Story Of Bradley Charles Birkenfeld And How Because Of His Actions No Longer Can Foreign Accounts Be A Secret. A. With full implementation of FATCA, Foreign Account Tax Compliance Act, when do you start disclosing your foreign bank accounts and foreign income and how should you disclose? Nine Things That Will Elevate […]