6c628c2634f6489cf08280411e3dc99f Archive

TweetShareSharePin0 Shares Puerto Rico Incentives Code 60 (Prior Acts 20/22) Puerto Rico & US Tax Puerto Rico Incentives Code 60 for prior Acts 20/20: Many high-net worth Taxpayers are (understandably) upset about the massive U.S. taxes levied on their employment, investment, and corporate income. Sometimes, effective tax planning can help avoid these taxes. The goal

TweetShareSharePin11 Shares Tax Fraud Indictment for Hiding Income as Ill-Gotten Gains Tax Fraud Indictment for Hiding Income as Ill-Gotten Gains Tax Fraud Indictment for Hiding Income as Ill-Gotten Gains: It is important for US Taxpayers to remember that Tax Evasion does not have to result from actual cash income. When a person substitutes assets for

TweetShareSharePin0 Shares ? Foreign Bank Account Reporting Foreign Bank Account Reporting Foreign Bank Account Reporting: Each year, US Taxpayers who have foreign financial accounts such as bank accounts, investment accounts, pension accounts and certain foreign life insurance policies are required to disclose their overseas account and asset information to the IRS and FinCEN on various

TweetShare1SharePin1 Shares Foreign Bank Account Reporting Foreign Bank Account Reporting Foreign Bank Account Reporting: Each year, US Taxpayers who have foreign financial accounts such as bank accounts, investment accounts, pension accounts and certain foreign life insurance policies are required to disclose their overseas account and asset information to the IRS and FinCEN on various international

TweetShare1SharePin1 Shares Is the New IRS Offshore Voluntary Disclosure Program Is the New IRS Offshore Voluntary Disclosure a Good Program? How IRS Voluntary Disclosure Program Practice Has Changed: At the end of 2018, the Internal Revenue Service discontinued the Offshore Voluntary Disclosure Program (OVDP). Then, at the end of 2018 and early 2019, the traditional

TweetShareSharePin0 Shares Secret Overseas Banks Accounts & Tax Evasion Secret Overseas Bank Accounts & Tax Evasion Secret Overseas Bank Accounts & Tax Evasion: While it is not everyday that the IRS & US Government pursues criminal indictments and prison sentences for matters involving offshore noncompliance, recently a Florida man was sentenced to two years in

TweetShareSharePin0 Shares Missed the April 15 FBAR Due Date? Missed the April 15 FBAR Due Date? Missed the April 15 FBAR Due Date? Even though the IRS continued the due date for tax return filing from April 15, 2021 to May 17, 2021 — they also went out of their way to unnecessarily cause confusion