Posted in News on September 28, 2016
There is a good reason why the words IRS audit strike dread in the hearts of every taxpayer. Audits can have a profound financial impact and it can take a very long time (and a lot of effort) to satisfy the IRS and get the investigation to stop.
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Posted in News on September 21, 2016
The U.S. government has been cracking down on banks that help to facilitate tax evasion by U.S.-connected persons. Just recently, the Wall Street Journal reported that the Swiss Bank Credit Suisse is under investigation for its handling of accounts owned by American clients. Credit Suisse has had trouble with the U.S. Department of Justice before, but this time the investigation relates to whether bank employees in Israel helped people who were dual U.S. and Israeli citizens to conceal their U.S. status so they would not have to pay taxes in America.
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