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Posts tagged "IRS penalties"

IRS declares new offshore disclosure programs a success

Earlier this week, the IRS released a statement saying that its voluntary offshore disclosure programs are working. Programs such as the Report of Foreign Bank and Financial Accounts, (often referred to as FBAR) which requires a Form TD F 90-22.1; and the Foreign Account Tax Compliance Act (FATCA) on Form 8938 have helped the IRS recover more than $5 billion in penalties, interest and back taxes in the last couple years.

Doctor pleads guilty to tax evasion in Massachusetts

There is an old adage that states, "The only things certain in life are death and taxes." Needless to say, it's not uncommon for the men and women of America to be dissatisfied about the portion of their paycheck that is appropriated by Uncle Sam.

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