Tax controversy, including problems with IRS, the California Franchise Tax Board and the California State Board of Equalization, is a complicated area of law that is constantly changing. For example, last month the IRS issued a new form for the Report of Foreign Bank and Financial Accounts (FBARs).
In fact, many people don't know they need to file an FBAR if they are a United States person who has signatory authority or financial interest in an offshore account with a combined balance over $10,000 U.S dollars.
(I'll be hosting a webinar on FBARs on October 29 at 11:30 AM PT, if you'd like to learn more.)
New information, coupled with new cases filed around the country, plus world-wide news of foreign governments' agreements with the U.S. about their account disclosures for U.S. citizens, complicates the landscape.
To help you keep up with these on-going changes, I'm publishing a weekly communique, which aggregates information from around the country and the globe. Each week, I'll cull through news, gathered from a variety of sources, and select the best and the most interesting for your perusal.
This will be in addition to our monthly newsletter with my own analysis of current tax procedure developments.
You'll have to opt in and agree to subscribe, first. (You can unsubscribe at any time.) Please click on the link below (or copy and paste into your web browser) and click on the subscribe button on the right.
The IRS is busy and so is the FTB and EDD. This publication, The Tax Terminator, will keep you abreast of events that are making the news and perhaps affecting you and/or your business.