Being charged with tax evasion doesn't have to be overwhelming if you know what to expect. The following guide will help you better understand the situation so you can handle it confidently in the best way possible. Remember that this isn't the end of your career or...
The government tries to find ways to prompt its citizens to pay pending taxes. Since 2018, one of the ways the IRS has recouped money owed to them is by restricting passport privileges. However, not all tax debt qualifies for passport denial. Only when you have what...
A tax lien is a legal claim that the government makes against the property of an individual or a business when they neglect to pay their owed property taxes. When a tax lien is issued on a property, it is impossible to sell or refinance it until the lien is removed...
There are a number of reasons you might consider opening a foreign bank account. Common ones include ease of access to foreign currencies, plans to travel or live overseas, international investment opportunities, a need to protect assets or geographic diversification...
For many people, tax season causes a great deal of stress. Many dread the season, whether it is the pressure from organizing their financial documents or the fear of getting audited. However, this year, instead of stressing over your taxes, it is time to conquer your...
A billionaire is trying to get the court to accept a $1.45 billion from his family trust. The payment would be in exchange for the IRS relaxing liens on his family and assets. U.S. vs. Robert Brockman Robert Brockman is the defendant in the country's largest tax...
Running a business can be difficult, but it's important to make sure that you're doing everything within legal confines. One thing you want to avoid is facilitating tax evasion in your business. This can get you into a lot of trouble with the IRS and could even lead...
Many individuals worry about receiving a letter from the Internal Revenue Service (IRS) notifying them that their taxes are being audited or, worse, that the federal agency has determined that they owe back taxes. Individuals who receive such correspondence may view...
Multiple global forces have contributed to increased tax audits, assessments and disputes arising from international revenue authorities. Both direct and indirect taxes are susceptible to these situations. The new circumstances require multinational companies to...
The IRS has made it mandatory for all U.S. citizens and Green Card holders to file their tax returns annually. You can file your taxes yourself using tax preparation services such as H&R Block or Liberty Tax. In essence, tax preparation services help people with...
