by steve | Jan 9, 2012 | Tax Lawyer
IRS has announced it’s new tax program for Offshore Bank Accounts.
After finding a goldmine in Offshore Accounts the IRS will continue to ramp up it’s program.
Here is how the process and the new program will work.
The overall penalty structure for the new program is the same for 2011, except for taxpayers in the highest penalty category. Off course IRS must modify the program.
For the new program, the penalty framework requires individuals to pay a penalty of 27.5 percent of the highest aggregate balance in foreign bank accounts/entities or value of foreign assets during the eight full tax years prior to the disclosure.
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by steve | Jan 9, 2012 | Tax Lawyer, Tax News
Having an issue, call is today, get professional tax help.
The IRS Offshore Programs was HUGE success, how big?
How about to the the tune of 4$.4 B, very large.
Offshore Voluntary Disclosure Program Reopens:
The Internal Revenue Service today reopened the offshore voluntary disclosure program to help people hiding offshore accounts get current with their taxes and announced the collection of more than $4.4 billion so far from the two previous international programs. Expect much more of this to continue.
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by steve | Dec 20, 2011 | Tax News
Albert Pujols just signed a massive $250 million contract with the Los Angeles Angels, so it would take a pretty hefty tax lien to dent his wallet. This is not that tax lien.
According to documents filed in St. Louis County, Pujols had two separate tax liens filed against him by the Department of Revenue in Missouri in 2011. One is for $423.57, the other is for $306.37.
It’s unclear if Pujols has taken care of the liens yet, but seeing as he made enough money to pay them in the time it took you to read this post … we’re guessing he’ll be fine.
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by steve | Nov 21, 2011 | IRS Payment Plans
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by steve | Nov 21, 2011 | IRS Payment Plans, Uncategorized
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