Phone scams continue to be a serious threat

Aggressive and threatening phone calls by criminals impersonating IRS agents remain a major threat to taxpayers, and headline the annual “Dirty Dozen” list of tax scams for the 2016 filing season. The IRS has seen a surge of these phone scams as scam artists threaten police arrest, deportation, license revocation and other things.   There are many variations of these scams. The   Read More..

Foreign Account Tax Compliance Act (FATCA) Update

Dear Taxpayer: The 2010 Foreign Account Tax Compliance Act (FATCA) (which was part of a larger jobs bill) contains a number of provisions that are intended to make it more difficult for U.S. taxpayers to use foreign accounts to shelter income from U.S. tax. It also imposes new requirements on certain foreign taxpayers with U.S. investments. Moreover, many of the provisions   Read More..

IRS Makes Changes to Offshore Programs; Revisions Ease Burden and Help More Taxpayers Come into Compliance

From Internal Revenue Service Press Release WASHINGTON — The Internal Revenue Service announced today major changes in its offshore voluntary compliance programs, providing new options to help both taxpayers residing overseas and those residing in the United States. The changes are anticipated to provide thousands of people a new avenue to come into compliance with their U.S. tax obligations. The changes include an   Read More..

IRS Warns of Pervasive Telephone Scam

From Internal Revenue Service Press Release WASHINGTON — The Internal Revenue Service today warned consumers about a sophisticated phone scam targeting taxpayers, including recent immigrants, throughout the country. Victims are told they owe money to the IRS and it must be paid promptly through a pre-loaded debit card or wire transfer. If the victim refuses to cooperate, they are then threatened with arrest,   Read More..