Can Non-Willful FBAR Penalties Exceed $10,000 Per Year?
by Michele Weiss US taxpayers are obligated to file a foreign bank account report (“FBAR”) if the aggregate value of their foreign account interests exceeds $10,000 on any day during a calendar year. 31 U.S.C. § 5314; 31 C.F.R. §§ 1010.350(a), 1010.306(c). Taxpayers...
Tax Issues in the Cannabis Industry
The IRS has made tax enforcement in the cannabis industry one of its top priorities.
Buying Cryptocurrencies? The IRS is Very Interested in Your Taxes
The Internal Revenue Service (IRS) has had an interest in virtual currencies, including cryptocurrencies like Bitcoin, for several years. The IRS is looking closely at these transactions.
Michele Weiss to speak to Provisors Los Angeles Lawyers and Legal Professionals Affinity Group on Managing Tax & Bankruptcy Issues in a Family Law Proceeding
Tax and bankruptcy issues can add complexity to marriage dissolution proceedings. Handling tax and other personal debts can cause these matters to be even more overwhelming. It is critical to understand the interplay between tax, bankruptcy, and family law to properly...
IRS Ramps Up Tax Enforcement, Hiring 200 Attorneys
IRS Ramps Up Tax Enforcement, Hiring 200 Attorneys