Archive | July, 2014

What Are the Chances You’ll Be Audited by the IRS?

July 24, 2014  |   Posted by :   |   IRS Tax Audits   |   0 Comments

By John S. Kiernan, The Motley Fool The fear of an audit is a driving force deeply ingrained in the psyche of the American taxpayer. In fact, according to the Internal Revenue Service, it’s the third-biggest reason why people pay their taxes and do so honestly, behind personal integrity and the fact that third parties […]

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3 New E-books from the Wolfe Law Group

July 22, 2014  |   Posted by :   |   EB-5 Visa,International Investors,International Tax Planning   |   1 Comment

After 10 years of research I am pleased to announce the 2014 publication of 3 new e-books (published by BG Digital Publishing) now available on Amazon. 1) Expatriation: The IRS & U.S. Taxes 2) U.S. Pre-Immigration Tax Planning (David Richardson, Mid-Ocean Consulting, Special Contributor) 3) EB-5 Visas: International Investors & U.S. Taxes (Co-authors: Mark Ivener, […]

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Hidden in Plain Sight: New York Just Another Island Haven

July 18, 2014  |   Posted by :   |   Tax Evasion,Unreported Income   |   0 Comments

By Michael Hudson, Ionut Stanescu and Samuel Adler-Bell, ICIJ.org Lax U.S. rules and real estate industry’s no-questions-asked approach make it easy for dodgy characters to funnel wealth through high-end Manhattan apartments. One day during Chen Shui-bian’s second term as Taiwan’s president, several people lugged what a witness described as “five or six” fruit boxes into […]

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Offshore Tax Dealings: Celebrities, Sportsmen, Politicians, and a Princess

July 16, 2014  |   Posted by :   |   Tax Evasion,Unreported Income   |   1 Comment

Two recent articles: 1) Spain’s Princess Cristina and husband charged in tax fraud inquiry By Lauren Frayer, LATimes.com Days after her brother was proclaimed king, Spain’s Princess Cristina was indicted Wednesday on charges of tax fraud and money laundering, paving the way for an unprecedented trial that could further damage the royal family’s reputation. If […]

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Offshore Tax Crackdown Opens With 30% Penalties for Banks

July 02, 2014  |   Posted by :   |   Tax Evasion,Unreported Income   |   0 Comments

By Richard Rubin, Bloomberg.com The Internal Revenue Service is about to get an unprecedented look at bank accounts and investments U.S. citizens hold abroad, through a law that is making it harder to hide assets from the tax collector. Tomorrow, the U.S. government will start imposing 30 percent taxes on many overseas payments to financial […]

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