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Justice pressured to get more US taxpayer info from Credit Suisse

On behalf of Janathan L. Allen, APC posted in Tax Controversy on Friday, March 7, 2014. sCredit Suisse Group AG is among 14 Swiss banks the Department of Justice is investigating for allegedly helping U.S. taxpayers evade taxes on assets held in foreign accounts. As you may know, the U.S....

OVDP Can Be Closed at Any Time After July 1 of This Year

By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FATCA on Wednesday, June 4, 2014. I am very concerned about the future of the Offshore Voluntary Disclosure Program or OVDP. This program provides an option for US citizens, US expatriates and foreign nationals living and working in...

Tax debt and property taxes

On behalf of Janathan L. Allen, APC posted in Back Taxes or Tax Debt on Thursday, June 19, 2014. Taxes are an ever-present reality in our world. There are a wide variety of different types of taxes a person can have assessed to them: state taxes, federal taxes, property taxes,...

You Cannot Hide Assets Offshore From the IRS Any Longer

By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FBAR on Saturday, June 28, 2014. The IRS has obtained foreign bank account and investment information that will tie specific foreign assets to unique US social security numbers. Many US taxpayers have attempted to shield assets and income...