The Coca-Cola Company announced today that it may owe $3.3 billion in additional federal income taxes. In a form 8-K filed with the U.S. Securities
Read MoreTag: international taxpayers
Tax Deadline Fast Approaching For Taxpayers Living Abroad
Not all taxpayers had to file for extension if they weren’t ready on April 15: taxpayers who live abroad qualified for an automatic two-month extension
Read MoreIRS Extends OVDI Deadline Due To Hurricane Irene
Hurricane Irene is huge. As of last night, 29 million people were under a hurricane warning. The effects of the hurricane are expected to be
Read MoreFBAR Deadline Looming
Donna (not her real name, of course) has been breaking the law for years. The funny thing is she doesn’t look like your stereotypical criminal:
Read MoreShulman Talks International Tax At GWU
Today, the IRS published the “Prepared Remarks of Commissioner Douglas Shulman before the 22nd Annual George Washington University International Tax Conference.” You can read the
Read More"Complexity of Tax Law" Not a Challenge for IRS?
What challenges are the IRS facing this year? Apparently not the complexity of the Tax Code. The Treasury Inspector General for Tax Administration (TIGTA) released
Read MoreOffshore Voluntary Compliance Program Deadline Extended
The Internal Revenue Service (IRS) has announced an extension of the deadline for its Offshore Voluntary Compliance Program. The deadline, which was initially September 23,
Read MoreLandmark Transfer Pricing Case: Is It A Different World?
It’s rare that decisions regarding transfer pricing make big news. But this one is different. An IRS victory in the Ninth Circuit against chip company
Read MoreObama Corporate Tax Proposals Not Met With Enthusiasm (No One Is Surprised)
Republicans in the Senate have made it clear that they are not fans of President Obama’s proposals to close international tax “loopholes.” Specifically, Senate Minority
Read MoreObama Set To Shake Up Corporate Tax “Loopholes” Today
The Obama administration is planning to announce steps towards his promised “massive overhaul” of international financial regulations this morning. Administration officials do not expect the
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