The Disappearing ITIN

The Disappearing ITIN

For individuals with U.S. tax filing obligations who are not eligible for a Social Security Number, the IRS issues a similar number called an Individual Taxpayer Identification Number (ITIN). ITINs are distinguished from Social Security Numbers in that they begin with...
Offshore Voluntary Disclosure Program

Offshore Voluntary Disclosure Program

This final installment of this blog series will discuss taxpayers who willfully have not disclosed foreign accounts or paid taxes. Taxpayers who want assurance that they will not be subject to criminal liability and/or substantial monetary penalties should consider...
Beware of “Taxes Owed” Scams

Beware of “Taxes Owed” Scams

The Internal Revenue Service (IRS) continues to see an increase in collection scams in which scammers contact taxpayers and demand immediate payment for “taxes owed.” Here are some tips to help you determine if the person contacting you is truly an IRS employee: In...