IRS Closer to Obtaining Virtual Currency Records
On Nov. 30, 2017, after a lengthy summons enforcement proceeding, a federal district court issued an order granting in part and denying... Read More
2017 Tax Reform – Last Minute Year-End Moves in Light of Tax Cuts and Jobs Act
Congress is enacting the biggest tax reform law in thirty years, one that will make fundamental changes in the way you, your... Read More
IRS New Compliance Campaigns and International Audits of Individuals
On November 3, 2017, the IRS announced the roll out of 11 Large Business and International (LB&I) Compliance Campaigns.LB&I previously announced the... Read More
Recent Case Sheds Light on FBAR Willfulness Penalty
In Bedrosian v. United States, Dep’t of the Treasury, IRS, No. 15-5853, 2017 U.S. Dist. LEXIS 56535 (E.D. Pa. Apr. 13, 2017),... Read More
Offshore Compliance Issues: Problems and Solutions
Steven L. Walker will speak at Super Seminar before the California Society of Enrolled Agents in Las Vegas, Nevada, on the topic... Read More
Foreign Account Tax Compliance Act (FATCA) – Form W-9
Have you been contacted by a foreign bank and asked to provide documentation to confirm your status as a U.S. person or... Read More
Offshore Tax Compliance
Have you received a phone call from the Internal Revenue Service (IRS) asking you to come in for an interview? Are you... Read More
When is a trust subject to taxation in California?
Generally, a trust is subject to tax in California “if the fiduciary or beneficiary (other than a beneficiary whose interest in such... Read More
When can a change in ownership to real property trigger a tax reassessment in California?
Locally assessed real property subject to Proposition 13 is reassessed upon a change in ownership or new construction. See Assessor’s Handbook, Section... Read More
Do I qualify for penalty abatement?
The IRS has a Penalty Handbook that sets forth the criteria for relief from penalties. A criterial for relief of some civil... Read More
