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Did you know you are required to file a FBAR form if you have overseas accounts? If not, you could be in trouble with the IRS.
If you knowingly did not file a FBAR form to disclose your foreign financial dealings, expect major IRS penalties or worse.
International tax compliance is complicated. Learn which forms you need to file to stay off the IRS’ radar from a top national tax attorney.
Having interest in foreign corporations is not illegal. Failing to disclose it is. A top tax attorney explains why you need to file IRS Form 5471
IRS Form 8938 is required if you have foreign assets. An experienced tax attorney explains when you need to file Form 8938 and how to complete it.
When you file your Form 1040, do not omit information about any overseas holdings you have. Confused? Learn what to do to avoid problems with the IRS.
If you are a nonresident but earn income from U.S. sources, then you owe taxes to the IRS. Read this advice from a top U.S. tax attorney.
Will taxing the rich create a more equitable tax system or stifle growth and force California millionaires to move?
Has your business evaded or ignored the FTB’s collection notices? Don’t be surprised if a field collector comes knocking.
If you are an employer, you should know how to process employee wage garnishments or EWOT. Failing to do so can have consequences for you and your business.
The EDD can receive applications for Offers in Compromise. This may enable a tax debtor to eliminate an employment tax liability at less than full value.
Under 26 U.S. Code §1041, you typically have a 6-year window of time from the date your divorce is finalized to make a transfer that is not subject to taxation. Once you go beyond 6 years, you are looking at