What is a "statute of limitations" and how does it apply to debts you to the IRS? If you are a target of IRS collections, how long does the IRS have to collect a valid tax debt? Is it possible for the IRS statute of limitations on collections to be...
IRS to Target Income from UBER, AIRBnB and other Sharing Income Sources
What would cause the IRS to target income from Uber, AIRBnB and other sharing forms of income? American University in Washington D. C. published a recent study that notes 2.5 million Americans earn income from Etsy, Uber, AIRBnB and other sources of "sharing" that presently go unreported. The IRS realizes...
What Impact will IRS Impeachment Hearings Have on San Diego IRS Audits?
There is considerable energy on capital hill to impeach the commissioner of the Internal Revenue Service (IRS) John Koskinen. Mr. Koskinen was brought in to replace Daniel Werfel after he and a subordinate, Lois Lerner, were forced resign after substantiated allegations that the IRS had inappropriately targeted members and organizations associated...
Lawsuit against IRS Offshore Tax Programs Dismissed
Another lawsuit challenging the IRS offshore tax programs has been dismissed. In the consolidated lawsuit, 3 plaintiffs attempted to assert that they should be able to switch to the IRS' streamlined domestic offshore procedures, which were not available when the 3 filed applications under the OVDP or Offshore Voluntary Disclosure...
Can the IRS Take Your Passport for Unpaid Taxes
When can the IRS take your passport for unpaid taxes, and does that prevent you from international travel? Yes, the IRS has the power to take many actions to collect unpaid US taxes including the ability to take away your passport. At present, you must owe the IRS $50,000 or...
Willful or Non-Willful Attempt to Avoid US Taxes?
There continues to be confusion regarding what constitutes a willful or non-willful attempt to avoid US taxes as it relates to offshore bank accounts, investments, assets and income. The IRS has purposefully failed to clarify this issue over the past 7 years. This is the first piece of evidence a...
Non-Resident Indians or NRIs Face IRS Offshore Scrutiny
Citizens and former residents of India face genuine tax issues while they live and work in the United States. Many Non-Resident Indians or NRIs face IRS offshore scrutiny and FBAR compliance issues. Many have come to the US to work, and are unaware of tax obligations that have developed as...
Has the IRS Decided to Stop Accepting Streamlined Applications for FBAR Compliance?
Has the IRS decided to shut down the application process for the Streamlined Domestic Offshore Procedures under FBAR? Streamlined applications for FBAR compliance used to be submitted to the IRS via facsimile. The IRS has recently stopped access to fax submission of streamlined applications, and this may be a sign...
Can Foreign Nationals in the US Become FBAR Compliant with a Streamlined Application?
The experienced international tax attorneys at Allen Barron will work with you to develop the most effective strategy to disclose offshore bank accounts, investments, assets and income to the IRS. My name is Janathan Allen, and many foreign nationals in the US become FBAR compliant with my assistance. They are unaware...