Articles - Page 28 of 61 - Foodman CPAs and Advisors

Streamlined Filing Program for U.S. Taxpayers Residing Outside of the U.S. continues to be available but can be Discontinued at any time!

February 2019

Streamlined Filing Program for U.S. Taxpayers Residing Outside of the U.S. continues to be available but can be Discontinued at any time! was published by JD Supra on 2/27/19. After the closing of the Offshore Voluntary Disclosure Program (OVDP) –

JD Supra

CRS-FATCA – What you need to know TODAY

February 2019

CRS-FATCA – What you need to know TODAY is a Video featuring Stanley Foodman and Cathy McGrail from Foodman CPAs & Advisors regarding FATCA and CRS released on 2/20/19.

CRS-Fatca

Disclosing Voluntarily to the IRS to potentially avoid Criminal Prosecution is still an Option for Taxpayers, but with some changes going forward……

February 2019

Disclosing Voluntarily to the IRS to potentially avoid Criminal Prosecution is still an Option for Taxpayers, but with some changes going forward was published by JD Supra on 2/5/19. On September 28, 2018, the IRS closed the Offshore Voluntary Disclosure

JD Supra

U.S. Taxpayers living Abroad – Tax News Update

February 2019

Tax News Update for U.S. Taxpayers living Abroad was published by JD Supra on 2/5/19. Passport The IRS ability to deny or revoke the Passports of Taxpayers with “seriously delinquent tax debt greater than $50,000” is a distressing problem currently

JD Supra

IRS Accuracy Related Penalties is the number one most litigated tax issue

January 2019

IRS Accuracy Related Penalties is the number one most litigated tax issue was published by JD Supra on 1/29/19. The National Taxpayer Advocate 2017 Report to Congress states that the Accuracy-Related Penalty under Internal Revenue Code Section 6662 remains the number

JD Supra

What is new in a “nutshell” for FORM 1040 for TAX YEAR 2018

January 2019

What is new in a “nutshell” for FORM 1040 for TAX YEAR 2018 was published by JD Supra on 1/29/19. For Tax Year 2018, Taxpayers will use the new and re-designed Form 1040 Although the IRS’s sentiment is that many

JD Supra

Four LATAM Countries will work as a TEAM to TACKLE TAX EVASION, Corruption and Other Financial Crimes

January 2019

Four LATAM Countries will work as a TEAM to TACKLE TAX EVASION, Corruption and Other Financial Crimes was published by JD Supra on 1/29/19. The Global Forum and the Organization for Economic Cooperation and Development (OECD) oversee the internationally agreed

JD Supra

Beware of the IRS FATCA Filing Accuracy Campaign

January 2019

Beware of the IRS FATCA Filing Accuracy Campaign was published by JD Supra on 1/23/19. On October 30, 2018, the IRS Large Business and International division (LBI) announced the approval of a compliance campaign regarding Foreign Financial Institution (FFI) and certain

JD Supra

Is it time for Foreign Financial Institutions to hire IRS Representation?

January 2019

Is it time for Foreign Financial Institutions to hire IRS Representation? published by JD Supra on 1/23/19. The Responsible Officer (RO) of a Participating Foreign Financial Institution (PFFI) or Reporting Model 2 FFI is required to file the FFI’s FATCA

JD Supra

Don’t Jeopardize Your Passport: The US State Department Is Held Harmless!

January 2018

Don’t Jeopardize Your Passport: The US State Department Is Held Harmless! was published by the Daily Business review on 1/8/19.

Daily Business Review

Due Diligence is necessary for Taxpayers to have the Right TAX Representative

January 2019

Due Diligence is necessary for Taxpayers to have the Right TAX Representative was published by JD Supra on 1/8/19. As 2018 comes to an end, many Taxpayers are wondering about their tax reporting situation under the Tax Cut Jobs Act.

JD Supra

Winning Business Through Bribery Could Get You Into Trouble!

December 2018

Winning Business Through Bribery Could Get You Into Trouble! was published by JD Supra on 1/8/19. In 1977, the United States enacted the Foreign Corrupt Practices Act (FCPA). The FCPA prohibits an offer, payment, promise or the authorization of a payment of