You have three main options when it comes to offshore disclosure: Submit the delinquent information returns, which is known as a quiet disclosure. Use the…
Common Types of Tax Identity Theft
Tax identity theft occurs whenever someone fraudulently uses your personal information for tax purposes. There are several types of tax identity theft, but two main…
How to Avoid FBAR Penalties
penalties: You currently have an FBAR filing requirement. You failed to file FBARs during prior years and want to disclose your non-filing. Non-willful FBAR penalties…
Steps the IRS Must Take Before Seizing Your Assets
The IRS has powers far beyond what most creditors have. However, they still have to follow certain procedures before levying your bank account or garnishing…
What Happens If You Ignore a Letter from the IRS?
There are many types of IRS notices and each one has its own repercussions if you fail to respond. The following are a few potential…