IRS Committed to Stopping Offshore Tax Cheating; Remains on “Dirty Dozen” List of Tax Scams for 2017

WASHINGTON — The Internal Revenue Service today said avoiding taxes by hiding money or assets in unreported offshore accounts remains on its 2017 list of tax scams known as the “Dirty Dozen.” Since the first Offshore Voluntary Disclosure Program (OVDP) opened in 2009, there have been more than 55,800 disclosures and the IRS has collected…

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DC Restaurants Prepare For “A Day Without Immigrants” Strike on Thursday

Latino immigrants across Washington plan to skip work on Thursday as part of a “Day Without Immigrants” campaign aimed at showing their economic power and protesting Donald Trump‘s immigration policies. In the meantime, many restaurateurs are scrambling to figure out exactly how many employees will be participating in the strike. Some restaurants are preparing to close for the…

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IRS Includes Falsifying Income Scam in 2017 List of “Dirty Dozen”

WASHINGTON — The Internal Revenue Service today continued issuing its annual list of common tax scams by warning taxpayers to avoid schemes to erroneously claim tax credits. This year’s “Dirty Dozen” includes falsifying income to claim tax credits. “Taxpayers should ensure all the information they provide on their tax return is accurate,” said IRS Commissioner…

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Fear spreads in L.A. after immigration ‘raid,’ advocates claim. Officials say arrests are ‘routine.”

The panicked emails and phone calls began streaming in from community members at about 11 a.m. Thursday morning, inundating Los Angeles immigration lawyers with far more cases than usual. Immigrant advocate groups claim that more than 100 people had been taken into custody by federal immigration officials in Southern California Thursday, indicating a “coordinated sweep” in arrests and heightening fears…

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More and more Americans are renouncing their U.S. citizenship — here’s why

More than 5,400 Americans overseas renounced their United States citizenship last year, a 26% increase over 2015 and more than triple the number in 2010, when Congress passed a law that significantly increased tax penalties for unreported foreign transactions and holdings, according to data compiled by a Connecticut tax attorney. Advocates for the estimated 7 million overseas Americans…

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