Imagine for a moment that you have lived virtually your entire life in a country other than the United States. You speak a language other than English and identify far more closely with events that are going on far outside U.S. borders than with anything happening domestically in that country. And then one day youcontinue reading…
New budget underscores IRS challenges, imminent needs
Pressure, pressure, pressure. The Internal Revenue Service feels it and, as a result of that, so, too, do high numbers of filers seeking to interact with agency representatives regarding tax-related questions and concerns. The American tax system is, by any standard, complex, and many filers need all the help they can get to understand itscontinue reading…
Topical look: the IRS and offshore bank accounts
Here’s the bottom-line take from the Internal Revenue Service regarding money held abroad in foreign banks by Americans: You can have your cake, but we want our slice. The IRS has never come out with overt objections concerning the offshore accounts in which many thousands of Americans park their money. Given, though, that the singularcontinue reading…
State and federal tax audits: how a proven tax attorney can help
Most of our readers in Minnesota and elsewhere in the Midwest likely understand intuitively and immediately why it is probably not the best idea to sit down with one or more government representatives to negotiate the details of a tax audit. After all, they know everything about the subject matter, while you are, after all,continue reading…
Timely topic for late January: those annual bogus IRS calls
There’s really just one thought that should immediately come to the forefront of your mind when you pick up the phone and hear a person on the other end identify himself or herself as an Internal Revenue Service agent. Scam. Every year around this time, the “we’re calling from the IRS” ruse gets dusted offcontinue reading…