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Many US taxpayers still have questions regarding offshore accounts and FBAR filing requirements and compliance. Is there a genuine risk their activities (or lack of compliance) will...
A recently filed complaint in Geiger v. U.S. (S.D. Fla.) illustrates the complexities and difficulties of U.S. tax reporting for foreign trusts.
Our latest edition of Tax Breaks. A ruling on the Corporate Transparency Acts stirs things up, reporting for gifts and inheritances, tax filing season updates and more.
For some time, the IRS has targeted fraudulent employee retention credit (“ERC”) claims. More recently, on December 21, 2023, the IRS issued guidance on a new voluntary disclosure...
As we discussed in our September 25 alert, Everybody’s Got Something to Hide Except Me and My Monkey: IRS Issues Moratorium on Processing New Employee Retention Credit Claims, the...