Tax Attorney Blog

Is the IRS Bypassing Your Taxpayer Representatives?

If the Internal Revenue Service (IRS) has not included your taxpayer representative in all aspects of your case, you are not alone. A recent report by the Treasury Inspector General for Tax Administration (TIGTA) found that the IRS does sometimes ignore taxpayer representatives in the collection process.

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Still Waiting on More Details from IRS on Compliance Procedures for U.S. Taxpayers Living Overseas

In June, the IRS announced new procedures to help U.S. citizens residing overseas, including dual citizens, catch up with tax filing obligations and assist with resolving some issues related to certain foreign retirement plans. While the new procedures become effective September 1, 2012, the IRS has yet to issue more details or specific factors used to determine compliance risk.

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New Filing Compliance Procedures for Non-Resident U.S. Taxpayers Go Into Effect September 1, 2012

The Internal Revenue Service’s new procedures to help U.S. citizens residing overseas, including dual citizens, catch up with tax filing obligations go into effect on September 1, 2012. If you are a U.S. taxpayer residing abroad and you haven’t been filing tax returns or Reports of Foreign Bank and Financial Accounts (FBARs), you may be able to come into compliance and avoid penalties or additional enforcement actions.

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IRS Announces More Flexible Offers in Compromise (OIC) Terms

Offers in Compromise (OIC) offers taxpayers an option to resolve their tax debt for less than the amount owed. The Internal Revenue Service (IRS) recently announced more flexible OIC terms to assist financially distressed taxpayers. These changes are part of the “Fresh Start” initiative, an IRS program designed to put in place “common-sense” changes that more closely reflect “real-world situations.”

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Swiss Court Says No to US Request for Bank Data in Tax Evasion Case

Switzerland’s Federal Administrative Court ruled that the tax office cannot release Credit Suisse bank data to the Internal Revenue Service (IRS). The IRS requested administrative assistance under the 1996 U.S.-Swiss Double Tax Treaty.

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IRS Offers New Penalty Relief and Expanded Installment Agreements

The Internal Revenue Service (IRS) is expanding its “Fresh Start” initiative to help the unemployed and struggling taxpayers. Under the program, new penalty relief options are available and eligibility for Installment Agreements has been expanded. The IRS previously expanded a streamlined Offer in Compromise (OIC) program.

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Agency Watchdog Accuses IRS of “Bait and Switch” with Voluntary Disclosure Programs

The Internal Revenue Service has persuaded U.S. taxpayers to disclose hidden offshore bank accounts but then sometimes failed to cap the penalties, as promised, an agency watchdog said on Wednesday, accusing the IRS of “bait and switch.”

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Will Swiss Banks Hand Over Offshore Banking Info to U.S. on Tuesday?

According to the SonntagsZeitung and World Radio Switzerland 11 Swiss banks have until Tuesday, December 20, 2011 to agree to deliver detailed information about their U.S. offshore banking businesses in order to avoid legal action.

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