Mr. FBAR’s Civil Penalty – Does 31 USC 5321(a)(5) Authorize The Imposition Of ANY Civil Penalty For Failure To File An FBAR?
This is Post 6 in a series of posts describing the historical, statutory and regulatory evolution of Mr. FBAR* These posts are […]
International Tax Concepts: Tax Residency Status
U.S. Tax Residency Status As a general matter, all U.S. citizens and U.S. residents are treated as U.S. tax residents. A non-U.S. […]
Second Citizenships And Golden Passports: Do You Have A Backup Plan?
An increasing number of wealthy Americans are seeking second citizenships for themselves and their families. They’re motivated by a mix of rational […]
Corporate Tax Revenue Raisers In The Inflation Reduction Act
In case you did not read the previous post from Annette Nellen, we want to point out the Corporate Revenue Raisers in […]
Tax And Business Climate In Iowa
This month we travel to the Midwestern state of Iowa, the Hawkeye State. Sitting between the Missouri and Mississippi Rivers, the state […]
Deductibility Of S Corp Expense Paid By Shareholder
Tax Court in Brief | Vorreyer v. Comm’r | Thoma v. Comm’r | Dowson v. Comm’r | Deductibility of S Corp Expense […]
Extended Tax Filing Deadline | Commonly Overlooked Tax Disclosures
Extended Tax Filing Deadline | Commonly Overlooked Tax Disclosures This year the extended tax filing deadline for U.S. citizens or residents, sole proprietorships, […]
Learn Sales Tax Exemptions In 50 States (Part I of 2 Part Blog Post)
Alabama Sales Tax Exemptions Alabama levies a 4% state sales tax on all purchases of tangible personal property unless the transaction is […]
What 2022 Has Taught Us About FBAR Willfulness
What 2022 Has Taught Us About FBAR Willfulness The Bank Secrecy Act requires certain taxpayers to submit timely FBARs to the United […]
United States Income Tax Treaty Network Interactive Map: You Are Invited To Complimentary International Tax Symposium
The United States is a signatory to more than 60 income tax treaties with countries throughout the world. Each treaty offers unique […]
Hobby Income vs. Business Income: What’s the Tax Difference?
If your hobby earns you income, the IRS wants to know about it. But how do you report hobby income and how […]
Tax Implications of Owning Rental Property
Whether you intended to be a landlord or you fell into it because you had vacant property you couldn’t or didn’t sell, […]