It’s been awhile since we wrote about the IRS’s ongoing efforts to collect taxes from U.S. taxpayers on income from outside the United States. Implementation of the Foreign Account Tax Compliance Act (FATCA) has raised the ante on those efforts in recent...
In the first part of this post, we began discussing the issue of past-due tax returns. As we noted, there are several actions the IRS can take against you when you don’t file. These include filing a substitute return and initiating collection proceedings.In this...
Trying to minimize problems by avoiding the subject is a natural human tendency. Virtually all of us do this to some degree in various aspects of our lives.But when it comes to filing your taxes, it is important to address the issue head-on. In this two-part post, we...
With less than two months left in the year, the coming of another tax season is already on the horizon. It's a time to take actions that may be necessary in order to avoid unpleasant encounters with the IRS down the road.In this post, then, we will take note of a few...
