Thinking about leaving the U.S. and becoming a resident of another country? Or renouncing your U.S. citizenship? Or giving up your long-term residency and expatriating? You can take these steps if you want to but be aware that they’ll have serious tax consequences you need to know about. My advice? Before you pack your bags and wave goodbye to Uncle Sam, take a minute and … [Read more...]
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Receive a reward for reporting a tax cheat
Do you know someone who’s cheating on their taxes? Does it bother you that they’re ripping off Uncle Sam while you are paying everything you owe? Then the IRS wants to hear from you. What’s more, they’ll pay you up to 30% of the money they recover from the tax cheat. Want to learn how you can see justice done and be repaid for your civic mindedness? Read my new article … [Read more...]
Beyond the FBAR: Discover Little-Known Tax Traps in Foreign Reporting
It’s a fact … The IRS is going after taxpayers who fail to report their offshore accounts. Yes. You may have filed your FBAR and/or form 8938 and think you’re in good shape, but be aware … Uncle Sam has piled on a bunch of little-known international reporting requirements plus stiff penalties for non compliance. Want to stay out of big trouble with the IRS? Easy! Read … [Read more...]
Is your Swiss banker ratting you out to the IRS?
Do you have money stashed in a Swiss bank account or some other foreign country? Then be sure to report those assets to the IRS. You see, the famed secrecy of Swiss banks is a thing of the past and they’re ratting out customers to the IRS faster than a Swiss clock yells “Cuckoo!” What’s more, the IRS is cracking down mercilessly on people holding assets offshore who … [Read more...]
Unfiled tax returns? Here’s what to do NOW!
Have you failed to file individual, corporate, or payroll tax returns? If the answer is “yes,” you have a serious and urgent problem that needs to be dealt with immediately! What are the possible consequences of letting things slide? Huge penalties, hefty interest charges, and possible criminal prosecution. If you have failed to file your returns on time, don’t despair. … [Read more...]