Washington D.C. Tax Law Blog
Corporate Tax Controversies Proving It’s a Small World After All
Some call it corporate tax avoidance. Others call it strategic tax planning. Regardless of what one calls it, there’s no doubt that it’s been the focus of a lot of attention here in Washington, D.C. in recent months. But the U.S. isn’t the only country interested in making sure it’s getting its full share of […]
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Suits Begin in Wake of IRS Undue Scrutiny Scandal
It’s hard to remember when the Internal Revenue Service has been so much in the spotlight of public scrutiny. And it appears that the likelihood is that it is only going to get more intense in the weeks and months ahead. The federal court in Washington, D.C., is beginning to see lawsuits coming through the […]
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Regarding FBAR: Tardy Honesty may be better than IRS Amnesty
We who live in the Washington, D.C., area know it is a cosmopolitan place. There are many people who live throughout the District and suburban Maryland and Virginia who are new immigrants or first-generation citizens. Any who work and make a living here have the obligation of filing their yearly income tax returns. But there […]
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Political Group Audits: A Sin needing More Than IRS Apology?
It’s been a tough week for the current administration in the White House. The State Department is under fire over what some are calling a cover-up over the consulate attack in Libya that left four Americans dead back in September. And the Internal Revenue Service is under the gun for apparently targeting some tax-exempt organizations […]
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Tax Evasion: Effort to do Right Prompts 5-Second Probation
Some months ago we wrote about the case of wealthy heiress Mary Estelle Curran and how she had become a target of the Internal Revenue Service because of funds held in foreign bank accounts. It’s a story that we suspect a lot of our readers in the Washington, D.C., area found intriguing. Curran pleaded guilty […]
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FBI Challenged on Info Gathering Gizmo in Tax Fraud Case
Groundbreaking technology is amazing stuff (when it works). As with anything that is cutting edge, though, new technology often represents a double-edged sword. With all the apparent benefits come the risks that the tech tools will be used for nefarious purposes. And sometimes the good guys misuse the tools as readily as the bad guys. […]
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Tax Dispute: Michael Jackson’s Estate Tells IRS to Beat It
As long as a person has income, the Internal Revenue is likely to have an interest assessing taxes. Interestingly enough, this attitude toward taxation doesn’t necessarily end when a person passes away. If an estate has a continued income stream, then it may also be required to pay taxes on those earnings, since it is […]
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Leaked Tax Haven Data Spurs Controversy in U.S., World
That wealthy people employ tax havens in efforts to protect their wealth is not particularly shocking. But in recent weeks, it’s become a little clearer just how prevalent the use of the havens is and how interconnected they appear to be. The clarity is the result of the analysis of a group in the Washington, […]
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Sequester’s Possible Silver Lining: Fewer IRS Audits
As we have noted in past posts, the prospect of an audit is not one that is looked upon with relish. At the same time, it’s not something that most readers in the Maryland, Virginia and District of Columbia areas necessarily need to be too worried about. Only a small percentage of all returns are […]
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Advocacy Group for Overseas Americans Calls for FATCA Repeal
As long as Congress is undertaking efforts to reform the U.S. tax code, why not repeal the Foreign Account Tax Compliance Act. That’s the suggestion that’s being made by the group American Citizens Abroad. The recommendation addressing this particular tax controversy was made in the form of a statement sent to Washington, D.C., this week […]
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