Category: Legal

Taxes are an undeniable part about living in this country that many of us would love to leave behind. It can seem like so much of our hard-earned money gets eaten up by taxes that it’s understandable so many people look for a loopholes or ways around some of the rules. While there are a…

The Internal Revenue Service is regarded as one of the strictest government offices in the United States of America, and it’s understandable since they deal with the taxes of the nation. Part of their strictness is their bureaucratic system that offers little leeway in terms of legalities. Each wrong step along the way can lead…

one must always have a safeguard. Sometimes, we are on the list of the best, of the richest, of the nicest, of the highest performing, other times we are the opposite. In a world full of technicalities and uncertainty, it is always good to have insurance, safeguards, if you will, keeping things safe and secure,…

The Internal Revenue Service (IRS) is the tax collecting and tax law enforcing government agency of the U.S. government. Their taxation jurisdiction extends from local holdings (that is to say, domestic taxation on locally incurred profits or realized revenue) to foreign holdings (such as offshore asset accounts and properties) – which is in line with…

There is no reason to pay the government more taxes than what is legally due from you or your company. That is why you do due diligence to make sure that you only state income that you are legally obligated to and take all deductions you are entitled to. The problem with being smart with…

If you’re in a same-sex marriage and want to know exactly what federal benefits you are now entitled to thanks to a recent Supreme Court decision, contact a tax attorney. On June 26th, 2013 the United States Supreme Court broke ground for same-sex couples and same-sex marriages around the country by striking down the Defense…

With the Bank Secrecy Act in place, you need to file a form with the Internal Revenue Service to avoid penalties.  A new IRS program known as the IRS offshore voluntary disclosure program can help you avoid having to pay some big time penalties to the Internal Revenue Service. Foreign bank accounts and the income…

Will lawyers are some of the most highly respected lawyers in the world.  They have the difficult job of making sure that all of your legal entities and assets are in order and all set-up before you pass away.  These lawyers have a lot of responsibility on top of them, but using some simple tactics…

There are millions of people all across the United States who may be owners of a foreign bank account, as well as foreign income that may not be reported on their tax return.  At this point, you have already missed the initial deadline to report this to the Internal Revenue Service, but under the offshore…