IRS Announces Efforts to Help U.S. Citizens Overseas Come into Compliance with FBAR Filing Requirements for Offshore Accounts - "the New Streamlined Procedure"New streamlined filing compliance procedures for non-resident U.S. taxpayers went into effect on...
A Former U.S. Tax Prosecutor And CPA Protecting Your Rights
Month: November 2012
IRS Audits of Marijuana Dispensaries in Colorado are on the Rise
Perhaps the biggest problem facing medical marijuana dispensaries are the federal tax consequences of operating such a business. While Colorado state voters have legalized marijuana, the IRS still considers marijuana dispensaries to be drug traffickers under federal...
IRS Offer in Compromise Questions and Answers
Some commonly asked question and answers about the IRS Offer in Compromise program:What is an Offer?An Offer in Compromise is an agreement between you (the taxpayer) and the IRS that settles a tax debt for less than the full amount owed. It may be an option if...