If you currently have undisclosed offshore accounts you only have a short time frame left to enter the program for reduced penalties. The current deadline for volunteering to enter the Offshore Voluntary Disclosure Initiative program with reduced penalties and possible … Continue reading
Posted in Foreign Asset Disclosure, Foreign bank Account, News, OVDI
Tagged assets, clients, FBAR, filing dates, foreign bank accounts, offshore, OVDI, taxes
The delay in filing the 2010 Form 1040 for many individuals previously mentioned by the IRS will be over on February 14, 2011. The delay impacts filers who will itemize on Schedule A or claim above-the-line deductions for higher education … Continue reading
The deadline for 2010 tax returns is April 18, 2011 due to a government holiday. Emancipation Day is a legal holiday in the District of Columbia and falls on April 15, 2011, therefore taxpayers have until April 18, 2011 to … Continue reading
We mentioned a link on our twitter page previously that discussed how small non-church tax exempt organizations are running into a problem this year in keeping their tax exempt status. Back in 2006, the Pension Protection Act contained a small … Continue reading
CIRCULAR 230 DISCLAIMER: ADVICE, ARTICLES AND COMMENTARY INCLUDED HEREIN DO NOT CONSTITUTE AN OPINION AND ARE NOT INTENDED OR WRITTEN TO BE USED, AND THEY CANNOT BE USED, BY ANY TAXPAYER FOR THE PURPOSE OF AVOIDING PENALTIES THAT MAY BE IMPOSED ON THE TAXPAYER.