Disclosure Practice News Today

Profitable Port of New Bedford draws IRS scrutiny for tax evasion among fishermen, three New Bedford residents indicted last month.

United States taxpayers have an obligation to report their foreign financial accounts to the federal government. Most offshore account holders will need to file reports on an annual basis. One of these reports is the Report of Foreign Bank and Financial Accounts, known as FBAR.

In 2022, the U.S. Internal Revenue Service produced a number of announcements, guidance, and rules covering issues like partnerships, cryptocurrency reporting, syndicated conservation...

A thorough overview of the IRS Criminal Investigation Division’s (“IRS-CI’s”) current voluntary disclosure practice, designed for taxpayers to potentially avoid or mitigate prosecution for violating IRS and information reporting laws.

Taxpayers who employ workers have obligations under federal law to withhold and remit federal employment taxes to the IRS. In addition to this withholding and payment requirement...

Below is our summary of significant Internal Revenue Service guidance and relevant tax matters for the week of February 13, 2022 February 19, 2022. The IRS issued a news release announcing the launch of a resource page that provides taxpayers with 2022 filing season updates.

Thats the voice of our richard quest who is at the press conference asking about the disclosure practice of malaysian authorities and he was getting push back that while they have a preliminary report they havent decided whether to make the report or bring it to the media. thats been frustrating to the families. mary, why is no one asking about this object of interest, is that they dont know or are we somehow confused about its significance? >> per happen they dont know. it came over the wires e...