Article by Kevin Thorn The deadline to apply to the IRS Voluntary Disclosure Program now over; however U.S. taxpayers still can file a voluntary disclosure under the IRS normal procedures. In 2009, the IRS and U.S. Department of Justice began its highly publicized investigation into Swiss bank UBS AG and U.S. accountholders who hid these … Read more
Co-authored by Jordan L. Eftekari, Esq. (1) Introduction On November 2, 2007, the Wall Street Journal published an article: “Got 0,000? The U.S. Awaits (Government’s EB-5 Program Offers Foreign Investors Green Cards for Job Creation)”. A Federal program known as EB-5 (Immigrant-Investor Visa), administered by the U.S. Citizenship & Immigration Services (“USCIS”), encourages foreign investors … Read more
Every time you give someone money or property which may be subject to payment of gift tax. The federal government has guidelines were the gift of the property tax and gift tax rates for all questions. These tariffs and tax exemptions may change based on an annual basis and it is important to review the … Read more
Over the last year, the United States government has taken a great interest in undisclosed foreign bank accounts. Individual taxpayers who file U.S tax returns, and who have any offshore or foreign accounts must report income from these offshore accounts on their income tax returns. They must also declare any offshore or foreign bank accounts … Read more
Pay More Taxes As good folks of United States of America it truly is our liability to account all of our profits. This is truly the thought of voluntary conformity whereby taxes evasion is regarded as illegitimate and can be punishable by the use of the law. Residents are undertaking this by simply actually not … Read more