The Real Goal Of Trump’s ‘Merit-Based’ Immigration Plan May Just Be Fewer Immigrants

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,…

Can You Opt Out Of Big IRS Offshore Penalties?

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…