Jeffrey B. Kahn, Esq. speaks on Tax Inversions and IRS e-Filing Problems on the Mr. Credit Show on 760AM KFMB in San Diego
Jeffrey B. Kahn, Esq. speaks on Tax Inversions and IRS e-Filing Problems on the Mr. Credit Show on 760AM KFMB in San Diego.
Author Archive for: Tax Attorney
Entries by Tax Attorney
Beware Of The Dark Side – Protecting Yourself From The IRS
A Gallup Poll released in April 2014 found that two-thirds of Americans believe that the Internal Revenue Service abuses its power. Yet few people realize exactly how much arbitrary power the IRS has through the Courts and the Laws of the United States. Remember that the IRS like any government agency has a purpose to […]
Board Certified Tax Attorney Jeffrey B. Kahn on the July 30, 2014 ESPN Mr. Credit Radio Show.
Headline: If You Have An Undisclosed Foreign Bank Account, You May Owe The IRS $10,000! 1. Who needs to worry about this? 2. What form do you file? 3. What if you missed the filing date? 4. What should you do?
Time Is Ticking – After August 3, 2014 OVDP Penalty Set To Increase To 50% For Certain U.S. Taxpayers.
IRS Sends Signal Out That It Is Ready To Enforce The Tax Disclosure Laws For Foreign Accounts And Foreign Income Of U.S. Taxpayers With Swiss Bank Accounts. If you have non-declared bank accounts with Swiss banks, or if you acted as signatory on such accounts, you should start to qualify for the 2014 Offshore Voluntary […]
Have An Undisclosed Foreign Bank Account? You May Owe The IRS $10,000!
Do you have any money or assets outside the U.S.? Seems like a pretty straightforward question, doesn’t it? Well, a lot of people are surprised to learn that they do have offshore funds. And if they don’t file a certain form with the U.S. Treasury Department by June 30, the minimum late fee is $10,000. […]
Jeffrey B. Kahn, Esq. Discusses IRS Tax Enforcement On ESPN – July 17, 2014 Show
1. Welcome to a new era of transparency where the IRS is getting information on U.S. taxpayers from foreign banks and the IRS is taking action by examining and investigating taxpayers who are not reporting their worldwide income nor disclosing their foreign accounts. 2. Breaks IRS is providing to waive penalties for U.S. taxpayers with […]
IRS Offshore Tax Crackdown Opens With 30% Penalties for Banks
The year is 2014 and we are into a new era of transparency where the IRS is getting information on U.S. taxpayers from foreign banks and the IRS is taking action by examining and investigating taxpayers who are not reporting their worldwide income nor disclosing their foreign accounts. Many people thought that forever they can […]
IRS To Waive Penalties For Some Overseas Accounts
The Internal Revenue Service is offering to waive steep penalties for Americans living abroad who haven’t been paying their U.S. taxes. But there is a catch: You have to be able to show that you didn’t evade U.S. taxes on purpose. American citizens living abroad are required to file U.S. tax returns, even if they […]
Are YOU A U.S. Person With A Swiss Bank Account?
IRS Sends Signal Out That It Is Ready To Enforce The Tax Disclosure Laws For Foreign Accounts And Foreign Income Of U.S. Taxpayers With Swiss Bank Accounts. If you have non-declared bank accounts with Swiss banks, or if you acted as signatory on such accounts, you should start to qualify for the 2014 Offshore Voluntary […]
Potential Savings Using The 2014 OVDP Streamlined Procedures
On June 18, 2014, the IRS announced major changes in the 2012 offshore account compliance programs, providing new options to help taxpayers residing in the United States and overseas. The changes are anticipated to provide thousands of people a new avenue to come back into compliance with their tax obligations. The streamlined filing compliance procedures […]
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