Article by Richard Grigg And the IRS demands to know where all the people foreign accounts are located — it is a crime to keep these foreign bank account secret if they are over $ 10,000.00 in value. For those taxpayers in non-compliance, the IRS ran two offshore voluntary disclosure initiatives (OVDI). The last one … Read more
Dealing with an IRS tax debt can cause stress like you have never imagined. Many taxpayers receive constant phone calls and letters from the IRS threatening a wage>, bank levy and even seizure of personal property in order to satisfy the debt. If you are being harassed by the IRS for back taxes, you may … Read more
Article by David Carnes Expatriates on Business Trips to China If you are sent to China by your company, your salary is paid outside of China, and you spend less than 183 days in China in a calendar year, than you must pay Chinese Individual Income Tax based on the days of the year you … Read more
Article by Gina Anton Recently, I found out that many clients who come to JK Harris are not aware of the difference between a tax lien and a tax levy. Since there is a significant difference between the two, I thought it would be a good topic to discuss on our blog. A tax lien … Read more
Article by Lance Wallach Have A Foreign Bank Account? FBAR Deadline is here. Filing deadline for the IRS’s offshore tax amnesty (called the Offshore Voluntary Disclosure Initiative). IF you don’t comply you will get caught.For those with current offshore accounts, the deadline to file the annual Report of Foreign Bank and Financial Accounts (“FBAR”) is … Read more