The Tax Lawyer’s Blog
New Filing Due Date for FBARS
by Peter Pappas, 03-04-2017The United States Department of Treasury has announced that the new annual due date for filing Reports of Foreign Bank and Financial Accounts (FBAR) for foreign financial accounts is April 15. Specifically, section 2006(b)(11) of…
Disgorgement by Tax Preparer Denied by U.S. Federal Court
by Peter Pappas, 04-15-2016The IRS was handed a huge defeat in federal district court on Tuesday when Judge Anne B. Conway of the Middle District of Florida ruled that the United States had not proved that even $1 of profits (ill-gotten gains) received by a…
Owe the IRS? You Can Lose Your Passport.
by Peter Pappas, 12-08-2015President Obama has signed a new passport revocation provision into law to help the IRS collect back taxes. New § 7345 of the Internal Revenue Code has been added as a result of the passage of H.R. 22 –…
WARNING: IRS Wants to Take Your Passport
by Peter Pappas, 11-24-2015Congress has passed H.R.22, which, if signed by the President, will allow the IRS to confiscate the passports of citizens who owe the IRS more than $50,000 in taxes, penalties and interest. Congress calls this…
New Streamlined Procedures for Foreign Bank Account Violaters
by Michael Krus, 01-21-2015IRS Gives Big Break to Non-Willful Foreign Bank Account Holders On June 18th, 2014, the IRS announced that it had put in place new procedures for foreign bank account holders that effectively reduce the delinquency…
