Tax moves that sound too good to be true? Chances are they’re on the Internal Revenue Service (IRS) “Dirty Dozen” scam list for 2018.
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What Are The Panama Papers?
Yesterday, it was all anyone was talking about: the Panama Papers. And then the names spilled out: Messi. Ulloa. Putin. Cameron. It seemed that the Panama Papers were connected with a staggering number of high-profile names. But what, exactly, are the Panama Papers? Here’s what you need to know.
Read MoreFBAR, FATCA Filings Top 1 Million
More than 1 million Report of Foreign Bank and Financial Accounts (more commonly, FBARs) were filed in 2015, a record high. Under the Banking Secrecy Act (BSA) and Foreign Account Tax Compliance Act (FATCA), US taxpayers with foreign accounts are under more scrutiny than ever.
Read MoreGeoge Soros May Owe Billions In Taxes
George Soros knows his way around a hedge fund. The billionaire, who ranks at #29 on Forbes’ list of billionaires (#19 in the United States)
Read More'Staggering' Sanctions Slapped On Wyly Brothers In Offshore Case
Staggering. That’s how a Manhattan federal judge described the sanctions imposed against Texas businessman Sam Wyly and his deceased brother’s estate today. The brother could
Read MoreObama Joins Blame Game As Companies Flee U.S. For Lower Tax Rates
Yesterday, during a Press Conference after the U.S.-Africa Leaders Summit in Washington D.C., President Barack Obama announced who was to blame for the corporate tax
Read MoreHolder Warns On Offshore Accounts, Says No Bank Is ‘Too Big To Jail’
Attorney General Eric Holder has announced that no bank is “too big to jail” after Credit Suisse reached a plea deal on conspiracy charges. How will this latest move affect taxpayers?
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