The Ultimate Guide To International Taxation

International Tax Compliance — the U.S. Departments of Justice and Treasury are joining forces with the IRS. Are you on their list?

What To Do If An IRS Agent Visits My Home Or Business?

What do you do if the IRS visits your home or business? Before you answer, make sure you read this article so you are better prepared with your response.

U.S. Taxpayers and Considerations for Dual-Status Tax Filers

International tax issues are very complex and if errors are made, the penalties can be quite steep.

The History of Nexus Rules and Case Law

These landmark legal cases have set the precedent for today’s multi-state tax regulations which is to say: If you are considered to have nexus within a state, even if you are located outside of that state, having nexus is equivalent to having a branch office within that state.

Why Do I Owe State Taxes This Year? (& Why so Much?) 2022 Guide

If you haven’t had to pay any state taxes for the past few years but now face a liability, you might be wondering, why do I owe state taxes this year?

IRS Criminal Investigations Division

The IRS criminal investigations division (CID) is a special unit within the IRS charged with investigating criminal matters including tax fraud.

Divorce and Taxes Owed: Who is Responsible for Tax Debt in a Divorce?

When a taxpayer files separately, it is clear who will bear the burden of any tax liability assessed by the IRS. But if you are in the middle of a divorce, owe tax debt and have filed jointly during your marriage, who pays may be less clear.

How Do I File my Taxes if I am Getting Divorced?

So you have passed the brink of no return in your relationship and decided to file for divorce. Before you do, it’s wise to make some financial preparations ahead of your court date.

State Income Tax Considerations in Multi-State Tax Planning

Independent contractors are a huge issue when it comes to payroll taxes and California has very specific criteria that must be met. Do you know how to properly categorize a worker as an independent contractor versus an employee?

FBAR Penalty Appeals and Compliance Programs

If you have been penalized by the IRS for FBAR violations, there is hope. Learn options available to taxpayers to avoid excessive penalties and jail time.

Establishing Residency or Domicile in California Can Be Taxing

Did you know that a 2020 California FTB guideline states “if you are impacted by the COVID-19 pandemic, it is one of the factors we will consider as we apply the general rules for residency and income sourcing?”

Penalties for Non-willful Violations

Did you know you are required to file a FBAR form if you have overseas accounts? If not, you could be in trouble with the IRS.

Penalties for Willful Violations

If you knowingly did not file a FBAR form to disclose your foreign financial dealings, expect major IRS penalties or worse.

Other Important Filing Requirements for Those with International Interests

International tax compliance is complicated. Learn which forms you need to file to stay off the IRS’ radar from a top national tax attorney.

Filing Requirements for Those with an Interest in Foreign Corporations, Form 5471

Having interest in foreign corporations is not illegal. Failing to disclose it is. A top tax attorney explains why you need to file IRS Form 5471

Filing Requirements for Those With Foreign Assets, Form 8938

IRS Form 8938 is required if you have foreign assets. An experienced tax attorney explains when you need to file Form 8938 and how to complete it.

International Tax Considerations for Individual 1040 Filings

When you file your Form 1040, do not omit information about any overseas holdings you have. Confused? Learn what to do to avoid problems with the IRS.

Types of Foreign Income that Trigger Filing Requirements

If you are a nonresident but earn income from U.S. sources, then you owe taxes to the IRS. Read this advice from a top U.S. tax attorney.

How Are Transfers of Property Taxed in a Divorce?

Under 26 U.S. Code §1041, you typically have a 6-year window of time from the date your divorce is finalized to make a transfer that is not subject to taxation. Once you go beyond 6 years, you are looking at two individuals that are divorced.

How to File Delinquent International Tax Returns

If you are not in need of the Streamlined Procedures because you do not owe additional tax, and you have reasonable cause for not filing an informational return, you may file the delinquent international tax returns along with an explanation of the facts that support your claim of having reasonable cause for failing to file on time.

What Is the Offshore Voluntary Disclosure Program?

Previously, the IRS had two programs, Offshore Voluntary Disclosure Program (2009) and Offshore Voluntary Disclosure Initiative (2011), which have been discontinued.

How to Appeal an FBAR Penalty

If you cannot come to an agreement in resolving the issue in the IRS examination stage, you still have a right to appeal your FBAR penalty.

FBAR Penalties: What Happens If You Don’t File International Taxes

An area of difficulty that has arisen with regard to FBAR cases is the ambiguity of penalties potentially faced by an individual in violation of disclosure requirements.

Types of International Tax Forms

There are many informational forms associated with international taxes and I am not sugar-coating this — they are complicated.

What Is the Foreign Bank Account Reporting

The acronym FBAR stands for Foreign Bank Account Report and refers to a disclosure form that must be filled out by certain taxpayers with respect to financial accounts maintained abroad.

When Tax Investigations Go Criminal

While a tax audit can be stressful, criminal investigation are more intense and have dire consequences. Learn how tax fraud investigated from Sam Brotman.