March 2015

Ahh … The Sweet Taste of Victory: Withers Wins Victory on Behalf of U.S. Clients Seeking to Renounce Citizenship
Listen In a press release dated March 3, 2015, the Withers Law Firm announced that it was successful in persuading the U.S. Department of State (DOS) to abandon its long-standing position of treating a U.S. citizen who is attempting to renounce his citizenship as being ineligible for a visa to visit the U.S. for business or for …
Statistics On Tax Prosecutions Published By TRAC
Listen The Transactional Records Access Clearing House (TRAC) recently compiled data that tracked trends showing the number of taxpayers who the government prosecuted as a result of IRS investigations. The article contains charts and tables and can be found here. The second sentence gets the audience’s attention real fast by identifying a common trend: that “many IRS prosecutions are timed to …
A Point To Ponder
Listen Most of us remember the good old days of the 1990s – a seemingly decisive victory in the First Persian Gulf War, the dot-com bubble that transformed computer geeks into nouveau riche millionaires, and a string of world championships that made the New York Yankees appear seemingly unbeatable. President Bill Clinton did a good …
Further Revisions to Form 8938 Instructions Released
Listen As part of the Foreign Account Tax Compliance Act (FATCA), taxpayers must report “specified foreign financial assets” on a reporting form entitled Form 8938, “Statement of Foreign Financial Assets,” pursuant to Internal Revenue Code section 6038D. Last December 2014, the IRS issued regulations implementing section 6038D. That same month, Form 8938 was updated and revised instructions were issued. …
Epoch Tax Fraud Cases “Miami Vice” Style
Listen Accounting Today recently published an article entitled, “Tax Fraud Blotter: Miami Vice.” Kudos to author Jeff Stimpson for researching some of the most compelling tax fraud cases to be splashed across the front pages of newspapers in the last few years and then to provide a detailed summary of each. Below is the article: Harvey, La.: Preparer Lisa Adams has been …