WASHINGTON ― President Donald Trump claimed in his speech to Congress last week that he could “save countless dollars, raise workers’ wages and help struggling families” with one trick: switching to a “merit-based” immigration system, like Canada’s or Australia’s. He made a similar case several days later in a tweet. First, he promoted Green Card Warrior,…
Last year was a difficult one for the IRS with respect to security issues, and the agency is determined to improve security during this year’s filing. Electronic filing is particularly vulnerable because of the speed of the process — it is a favorite method among thieves who steal information from taxpayers and file fraudulent tax…
Undisclosed foreign accounts or income can trigger significant civil penalties. They can even carry potential criminal penalties. Since 2009, many U.S. persons with foreign accounts and income have come within the IRS’s enormous offshore enforcement efforts. Not everyone has entered the IRS Offshore Voluntary Disclosure Program (OVDP). Still, it can be the safest move, and the only…
