Foreign Banks Take Advantage of Tax Amnesty Offer: In its latest attempt to tackle the problem of offshore tax evasion, the United States Department of Justice offered Swiss banks that are not currently under criminal investigation the chance to apply for tax amnesty. Banks that chose to accept the offer were given until December 31st… Continue reading →
Out with the Old……Extended Tax Provisions 2014
Extended Tax Provisions 2014 – It is common knowledge that tax law is constantly changing and it seems that Tax Year 2014 will be no exception. Every year the government makes some changes to the tax code in an attempt to make it fit the current economic climate. These changes include doing away with existing… Continue reading →
Happy New Year 2014!
Wishing you a Happy New Year from Professional Tax Resolution! Wishing You a Happy, Healthy & Prosperous 2014 … Professional Tax Resolution! If you have tax questions or a tax debt you are unable to pay, our tax settlement professionals are happy to discuss your tax resolution options free of charge. For… Continue reading →
End of the Year Tax Planning for Investors
Although tax planning is important for investors year round, it is most important as the calendar year draws to a close. While investment decisions are made throughout the year, they are particularly critical at year end because of the potential tax implications. The United States tax code provides many tax planning opportunities for investors… Continue reading →
Taxpayers Beware – IRS Scams!
Taxpayers Beware – IRS Scams! Every year the IRS publishes a list of the most popular tax scams so that taxpayers will be better able to protect themselves against schemes that develop in an around the preparation of tax returns. With the 2014 tax season fast approaching, it is a good time to be reminded… Continue reading →
Crackdown on Offshore Tax Evasion
Although the requirement for filing an annual Report of Foreign Bank and Financial Accounts (FBAR) has technically been on the books since 1970, the compliance rate was less that 20% until 2001. Since that time, the United States government has stepped up its efforts to identify and punish those individuals who are guilty… Continue reading →
