Broadly speaking, the IRS had a good idea in trying to bring U.S. citizens and tax residents with unreported offshore financial accounts back into compliance with the tax reporting system. The number of applicants, almost...
Category: TAX
The U.S. and Panama have concluded a Tax Information Exchange Agreement that is now in effect. The agreement signed in 2010 requires the delivery of information to the requesting country in all tax matters relevant to...
We often receive bills which are in error or with which we disagree. Most common are disputes involving hospital bills, lab bills, cellular phone bills and charges to credit cards. Left undisputed and unpaid, the...
NOT FILING OR FILING LATE CREATES PROBLEMS
April 15, 2011
People do not file their tax return on time for many reasons: some are general malingerers who procrastinate with everything in life; some are disorganized people who endlessly claim to be working on getting tax...
MEDICAL EXPENSES ON A MARRIED FILING SEPARATE RETURN
March 29, 2011
When spouses for any one of a number of reasons file separate returns many tax benefits are limited or eliminated. In addition, the spouses must separately compute taxable income, allocate tax payments and determine each...