news & insights

Learn the basic nature of a bankruptcy, important frequently asked questions regarding IRS debt, and the factors that help eliminate or reduce IRS debt.

Whether you’re new to foreign taxable income, or you’re an experienced international businessperson looking for some clarification, you might be wondering: “what is FBAR and FATCA, anyway?” The difference between FATCA and FBAR is simply this: one is a declaratory form (FBAR), while the other is a federal law that took effect in 2010 (FATCA). […]

All About IRS Information Document Requests (IDR) Being audited by the IRS is easily one of the most stress-inducing, harrowing experiences for a United States citizen… especially one who believes they’ve been acting in good faith. When an audit of your taxes has been initiated, one of the first documents you’ll receive from the Internal […]

Whether you have federal payroll tax problems or California payroll tax problems, one thing is for certain: the IRS does not mess around when it comes to collecting what they’re owed. Every day, business owners fail to pay payroll taxes for many reasons: insolvency, cash flow issues, fear, negligence, ignorance of the law, or simply […]

Wire transfers are convenient and secure methods for sending money all over the world. In the era of cryptocurrencies and PayPal, wire transfers aren’t the only international capital transfer tools available, but relying on the security of established financial institutions can be reassuring when you have overseas financial interests. If you don’t get all your […]

The Internal Revenue Service (IRS) is tasked with collecting taxes from every American individual, business, and corporation. What is the IRS statute of limitations on collections, and how long can this agency go back and search for tax fraud? The closer to your Collection Statute Expiration Date (CSED) you get, the more aggressively the IRS […]

Just a decade ago the concept of a “marijuana tax attorney” would be unthinkable. Today, with things changing so dramatically and rapidly many dispensary owners and cannabis professionals are wondering how to meet their tax obligation in good faith… without paying more than is necessary. The current tax landscape with pitfalls around every corner make […]

If you’re a U.S. taxpayer residing outside the United States, you might be eligible for the IRS streamlined foreign offshore procedure (SFOP). Under certain specific circumstances, this program might streamline the process of making up for failure to pay taxes while you were living abroad. Learn more about the SFOP, and find out whether you’re […]

The IRS is a powerful debt collector, to say the least. They have the entire mechanism of the government’s resources at their disposal, and they will utilize it to ensure that they are able to collect unpaid taxes. Although the IRS is incredibly aggressive, the system is inherently fair, because there are plenty of potential […]

It’s a simple fact of life that business is becoming increasingly global. For American citizens earning income or living abroad, it can be a huge wake up call to learn that the United States taxes based on earnings, not on physical location. As a result, well-intentioned people get into sticky — and potentially disastrous — […]