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The IRS has taken a major step in the fight to obtain data on Bitcoin and other digital currency transactions.  A federal court has authorized the IRS to serve a John Doe Summons on Coinbase, [...]

The federal government recently signed the Fixing America’s Surface Transportation Act (“FAST Act”) into law allowing the Secretary of State to deny, revoke or limit the United States passports [...]

Any US taxpayer with an interest in, or signatory authority over, a foreign financial account must file FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR) where the aggregate [...]

While the Affordable Care Act, or “ACA,” makes obtaining health care coverage accessible for many Americans, the law imposes additional obligations on many taxpayers who benefit from its [...]

Between full time jobs, children, and pets many people pay others to help them with household chores and related tasks. If you pay an individual to run errands for you, babysit your children, [...]

The Internal Revenue Service (IRS) continues to remind taxpayers of the danger of hiding money or assets in unreported offshore accounts. The IRS has been very focused on this issue now for over [...]

As discussed in our post on June 24, 2014, the IRS has announced important changes to its offshore voluntary account programs. These changes were announces as FATCA took hold worldwide on July 1, [...]

The U.S. Department of the Treasury and the Internal Revenue Service (IRS) today ruled that same-sex couples, legally married in jurisdictions that  recognize their marriages, will be treated as [...]

In a draft report issued on June 12, 2013, the Treasury Inspector General for Tax Administration (TIGTA) found that the Internal Revenue Service (IRS) did not always comply with certain statutory [...]

The Internal Revenue Service (IRS) has awarded Bradley Birkenfeld – a tax cheat and whistleblower – $104 million for providing information about UBS’s promotion of secret offshore accounts to [...]