Foreign Account Filings Top 1 Million; Taxpayers Need to Know Their Filing Requirements
WASHINGTON – Strong and sustained growth of taxpayers complying with foreign financial account reporting reflects improving awareness and compliance of this important part of offshore tax rules, the Internal Revenue Service said today. “Taxpayers here and abroad need to take their offshore tax and filing obligations seriously,” said IRS Commissioner John Koskinen. “Improving offshore compliance […]
Scariest Tax Form? Omit It, And IRS Can Audit You Forever
Scariest Tax Form? Omit It, And IRS Can Audit You Forever  Feb 8, 2016  Before you file your taxes, consider how long you must look over your shoulder. In many cases, the IRS has three years to audit. The three years is doubled to six if you omitted more than 25% of your income. […]
“Dirty Dozen” List of Tax Scams for the 2015 Filing Season
February 5th, 2016 Hiding Money or Income Offshore among “Dirty Dozen” List of Tax Scams IR-2015-09, Feb. 5, 2016 WASHINGTON — The Internal Revenue Service today said avoiding taxes by hiding money or assets in unreported offshore accounts remains on its annual list of tax scams known as the “Dirty Dozen” for the 2015 filing […]
