Posts tagged as:

tax amnesty

Taxes from A to Z: F is for FBAR

8 March 2011

In 1970, Congress passed the Bank Secrecy Act which was pretty much the first law on the books in the US to require banks and other financial institutions to reveal personal financial information to the government. Yep, this was long before the Patriot Act, and was originally meant to assist law enforcement agencies in the [...]

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Apple Likely Waiting on Tax Holiday

17 February 2011

Earlier this week, I posted about a potential tax holiday for multinational companies; the holiday would allow them to repatriate funds currently being held offshore at a lower tax rate. The idea, which has been bandied about by Rep. Eric Cantor (R-VA) and Sen. Orrin Hatch (R-UT) – but not endorsed by Treasury Secretary Geithner [...]

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IRS Tax Amnesty: Once More With Feeling

9 February 2011

As expected, the IRS has announced a new amnesty program for taxpayers with previously undisclosed offshore accounts. But since amnesty is such an ugly word, the IRS is calling it “a special voluntary disclosure initiative” (it has the feel of an after school special, huh?). The official title, for what it’s worth, is the 2011 [...]

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DC Offers Tax Amnesty

16 August 2010

It’s a tough economy all over these days. It’s not just the feds struggling to raise revenue – state and local governments are facing the same challenges. Ideas abound for plugging holes in the budget, including raising tax rates to implementing new taxes on everything from soda to legal services. Some governments, however, have decided [...]

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Philly Amnesty Nets $2 Million Payment

23 June 2010

Who says tax amnesty doesn’t work? The cash-strapped City of Philadelphia expects to meet its goal of collecting between $25 and $30 million during its Tax Amnesty Program… and it just got a little bit closer. According to the Philadelphia Inquirer, the City received a single taxpayer payment of $2 million. That represents more than [...]

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PA Tax Amnesty Ends Today

18 June 2010

You can say goodbye to those creepy ads… Pennsylvania’s tax amnesty program ends today (June 18). Those taxpayers who chose to participate can avoid penalties and will pay only half the interest. Those taxpayers who didn’t participate will not only have the normal penalties and interest but will get an additional 5% penalty. Even worse? [...]

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We Know Who You Are

4 June 2010

I had not yet seen this video which was made in response to the PA Tax Amnesty ad until Joe Kristan pointed it out. It’s worth watching: Genius!

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My Turn at Forbes

4 June 2010

I was thrilled to be asked by the folks at Forbes to follow up on my tax amnesty piece that was posted here on taxgirl. You can read my take here.

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Some find Pennsylvania’s tax amnesty ads too scary

14 May 2010

Some find Pennsylvania’s tax amnesty ads too scary – featuring interviews with the fabulous Joe Kristan and well, me.

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PA Amnesty Ad

5 May 2010

I’ve received lots of interest in my tax amnesty piece from yesterday, mostly in the form of emails. The majority of questions and comments about the piece came from those of you who live outside of the state of Pennsylvania and who wanted to know about the commercial. As it turns out, it’s available on [...]

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