Last week the Internal Revenue Service announced some major changes in its offshore voluntary compliance programs, providing new options to help both U.S. taxpayers residing overseas and those residing in the United States. The changes should provide thousands of people with new ways to come into compliance with their U.S. tax obligations. The changes include…
In the book “The World is Flat” by the award-winning New York Times columnist Thomas Friedman, the author demystifies the brave new world for readers, allowing them to make sense of the often bewildering global scene unfolding before their eyes. He explains how globalization has made the borders between nations virtually disappear and make us…
The “A” word – I’m being AUDITED, now what?! The “A” word may be in the top 10 of scariest words ever! Am I in trouble? Was I flagged? Not necessarily. Some reasons your return could be picked for an audit include: random sampling, computation errors, computer screening, excessive deductions, and large charitable contributions. Respond…
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