IRS

The answer to that question, as with so many things tax-related, is “It depends.” The Internal Revenue Code imposes automatic penalties for many violations of the Code, in order to drive compliance. If you are penalized for missing a payment or for underpaying your taxes and those penalties begin to accrue the moment the paymentcontinue reading…

In recent years, one of the more worrisome tax matters has been FBAR reporting. The Report of Foreign Bank and Financial Accounts (FBAR), which is a required filing for U.S. persons with financial accounts in a foreign country, where they either have an interest in the account or have signatory authority with the account andcontinue reading…

The complexity of cyber security is demonstrated by the recent disclosure of the Internal Revenue Service that 100,000 taxpayers had their tax returns accessed by criminals. This incident was different from previous high-profile breaches of cyber security, such as the hacking of credit card numbers at Target or Home Depot. The criminals technically did notcontinue reading…

International agreements are difficult to obtain, because often there is no final authority that can step in, like a judge in a legal matter, and order compliance. Disputes around the world, from Israel, Palestine and the West Bank, India, Pakistan and Kashmir, or Greece, Turkey and Cypress, even the U.N. has proved incapable of creatingcontinue reading…

The federal government is large and is made up of such varied entities as the Bureau of Labor Statistics, the National Parks Service, the Department of Defense, the National Weather Service, and National Institute of Standards and Technology. And of course, the Internal Revenue Service, whose efforts help fund all of those other departments. Amongcontinue reading…