When David Cameron described comedian Jimmy Carr’s use of the K2 artificial tax scheme as “morally wrong”, little did he know that he was kicking off a debate which is now going direct to the heart of the accountancy profession. Much of this has centred on comments made by the Chief Executive of the Institute … Read More “Top accountants squabble over tax avoidance morality” »
Category: About tax
Had enough of filing and paying US income taxes? Have you thought about moving beyond all the hassle and yearly effort just to remain compliant with US taxes and regulations by giving up your US citizenship? The idea, though perhaps well founded, now requires even more careful consideration than ever before. The new and pending … Read More “US Expat Tax – Ex-Patriot Act To Permanently Banish Some Who Renounce US Citizenship” »
So many taxpayers got caught off guard with the recent attention the IRS is giving holders of offshore foreign bank accounts. With the off-the-shelf deals previously offered, the terms of the settlement were known and predictable. Now that the 2009 and 2011 offshore voluntary disclosure initiatives (OVDI) have ended, the IRS has not yet issued … Read More “IRS Voluntary Disclosure What To Do” »
So many citizens got caught off guard with the recent attention the Internal Revenue Service is giving holders of offshore bank accounts. So what to do? The last offshore voluntary disclosure initiative (OVDI) ended on August 31, 2011. These are the four options still available. The first option available is to roll the dice and … Read More “The 4 Things You Need To Know About Voluntary Disclosure Program” »
I used to be lost until I got a Income Tax Attorney A Income Tax Attorney has to be capable to resolve one’s tax issues with one best possible outcome. That simply does not mean the lowest taxes handed over to the irs or the state. A Income Tax Attorney must additionally be capable of … Read More “Don’t Let The IRS Beat You Get The Best Income Tax Lawyer” »
For most US expatriates living abroad, the thing furthest from our minds is US tax compliance. We are residents in a new home, with new friends and new possibilities. We’re fully absorbed in all things that are new – and it can be a formative and life changing experience. When US expats think about their … Read More “Ignorance, Fear Or Rebellion | Why You’re Not Filing Your US Income Taxes” »
Just the mention of the word tax would send an eerie feeling to many individuals. However, every person must accept the fact that paying tax burdens is part of the duty as a citizen of a state. You are left with no choice but to pay tax liabilities. If you don’t, you are to suffer … Read More “In Tax Return Preparation, Tax Attorney is a Wise Investment” »
In terms of bankruptcy and taxes, there are many things that you will want to think about. If you are going to file for bankruptcy, you are going to want to make sure that you are doing everything you can to save yourself as much trouble, money, and time as you can. You should know … Read More “Can I Discharge Taxes in Bankruptcy?” »
Pay your fair share of taxes and not more.You should be a responsible adult,pull your weight and not shirk your responsibilities. But why overpay your taxes? There can be a number of reasons or rationalizations.First a person may want to stay on the right side of the IRS.Why draw concern and attention.So what if I … Read More “Don’t Overpay Your Taxes” »
If a person is not 100% sure how much they owes the Internal revenue service, then it would be a smart idea to consult a professional accountant. An accountant can help a person evaluate how much money is owed and give an individual good guidance on how to deal with future tax returns. Once an … Read More “What Should be Done About Back Taxes?” »