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Keep up-to-date on the latest news

 

The latest news below cannot be construed as legal advice.  If you have specific questions, you should consult with your attorney.

Forbe// IRS Issues John Doe Summonses to Citibank, Chase, BOA, Mellon, HSBC --- Tax Prosecutions

 

IRS to issue specific taxpayers summonses to Mellon, Citibank, JPMorgan Chase, HSBC and Bank of America to produce data on undisclosed accounts at Bank of N.T. Butterfield & Son Limited in the Bahamas, Barbados, Cayman Islands, Guernsey, Hong Kong, Malta, Switzerland, and the United Kingdom. 
 

​Nov 13, 2013

CNN // U.S. Expats Cry Foul over Tax System

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Problem is most expats are also required to pay taxes in their country of residence. This means two huge piles of paperwork, two sets of deadlines and one giant struggle to keep pace with a complex mess of ever-changing regulations.  "As soon as I moved overseas, that's when things got very complicated," said James Rosenberg, an IT professional who owns a business in South Korea.  While living in the U.S., the Iowa native was able to prepare his returns using TurboTax. That's no longer the case -- Rosenberg's taxes are now so complicated he has been forced to hire an accountant.

 

​Oct 30, 2013

JofA // U.S. Persons Living Abroad and Owe Back Taxes ​ 

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Taxpayers traveling to the United States with unpaid U.S. tax assessments can be detained at the border, questioned, and flagged for follow-up enforcement. If a taxpayer has an unpaid tax liability and is subject to a resulting Notice of Federal Tax Lien, the IRS may submit identifying taxpayer information to the Treasury Enforcement Communications System (TECS), a database maintained by the Department of Homeland Security (DHS).

 

​August, 2012

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