Monthly Archives: October 2013

THE WRONG QUESTION TO ASK ABOUT OFFSHORE ACCOUNTS: WHAT ARE THE ODDS OF BEING CAUGHT?

Posted on October 25, 2013 by taxpenaltylawyer

In my post of July 14, 2013, “OVDP or Nothing At All,” I wrote: I believe the wiser approach for most is still to seek the shelter of certainty by entering the OVDP  (IRS 2012 OFFSHORE VOLUNTARY DISCLOSURE PROGRAM). I … Continue reading →

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MORE ON GOVERNMENT SHUT DOWN IMPACT ON TAX FILINGS AND OVDP SUBMISSIONS

Posted on October 8, 2013 by taxpenaltylawyer

The IRS has updated in webpage with information, “IRS Operations During the Lapse in Appropriations.” http://www.irs.gov/uac/Newsroom/IRS-Operations-During-The-Lapse-In-appropriations Some additional guidance: E-filed returns will be processed normally although refunds will not be issued. Paper returns can be filed but will not be … Continue reading →

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UPDATE ON IMPACT OF GOVERNMENT SHUT-DOWN ON IRS AND TAX COURT OPERATIONS

Posted on October 4, 2013 by taxpenaltylawyer

As reported by the Journal of Accountancy as of October 1, 2013: IRS OPERATIONS ONGOING Processing tax returns submitted with payments. Processing all e-filed returns. Filing deadlines remain as required by law.  Thus, individual returns must be filed by 10/15/13 … Continue reading →

Posted in AUDITS, COMPLIANCE, EMPLOYMENT TAXES, RETURNS, TAX | Tagged , , , , | Leave a comment

IMPACT OF GOVERNMENT SHUT-DOWN ON IRS

Posted on October 2, 2013 by taxpenaltylawyer

The IRS has announced what is operational and not during the government shut-down.  Below is the text of the IRS announcement.  IRS Operations During The Lapse In Appropriations Due to the current lapse in appropriations, IRS operations are limited. However, the underlying … Continue reading →

Posted in AUDITS, COMPLIANCE, FBARS, IRS COLLECTIONS, RETURNS, TAX | Tagged , , , , | Leave a comment