Good news for those who still haven't come forward to disclose offshore accounts - the IRS is giving taxpayers a third chance, with no deadline and slightly higher penalties. This information was announced in a press relase from the IRS today - we will post...
Experience. Dedication. Results.
Month: January 2012
Will you make an Estate Plan this year?
Looking for a New Year's resolution that you can successfully check off your list? Deborah L. Jacobs of Forbes Magazine provides 10 reasons it's time to review your estate plan as 2102...
A few extra days to file your taxes…
Although personal income taxes are typically due on April 15, the IRS announced that 2012 personal income tax returns will be due on Tuesday April 17. But you can e-file as early as January 17! For all the details, visit...
California Supreme court denies review of Apple tax ruling
Recently, the California Supreme Court ruled that Apple Inc. would receive a $920,000 state tax refund. However, after the favorable decision, Apple went further by asking the court to overrule an appellate judgment from September. That ruling required the state...
Three Swiss Bankers Charged with Helping Clients Hide $1.2 Billion in Assets
Manhattan U.S. Attorneys are charging three Swiss bankers with conspiring to help U.S. clients hide more than $1.2 billion from American tax authorities. All three employees remain at the Wegelin, the bank in question, which does not have offices or branches in the...
Top Federal, State and Local Government Audit Issues for Entities
The IRS has identified the eight most common areas examined nationwide that arise in examinations of entities. These areas also arise in compliance checks and can be avoided by using the IRS' Compliance Self-Assessment Tool which allows entities to efficiently review...
What does the government’s letter really mean? Do you need a lawyer?
This fall the FTB issued a Notice of Proposed Assessment concerning a client's 2006 taxes. Specifically, the FTB was proposing an assessment that would result in our client paying thousands of dollars in additional tax, penalties and interest. Our client was about to...