secure usa casinos secure usa casinos new slot machines new usa online slots no download blackjack for cash online blackjack real money usa best mac online casino mac online casinos top online casinos 2013 best online casinos best online casino payouts fastest payouts casinos roulette casinos accepting us players online roulette for real money play slot machines for money play slot machines for money online casino payment options secure online casino deposit methods online casinos that accept us credit card deposits online casino accepting us credit cards play online slot casinos play slot machines http://asb.cgiar.org/Gen2/about_us/online-casino...... play casino slots online reputable online slots reputable casino http://asb.cgiar.org/Gen2/about_us/sign-up-bonuses.html usa casino sign up bonus online casinos that accept mastercard us online casino mastercard

Archive for category Tax

Breaking News – Tax Whistleblower Suit Against Vanguard Unsealed

Vanguard is the world’s largest mutual fund company with $2.4 trillion invested through many funds. According to a complaint just unsealed, it may owe the government over a billion in taxes as well. The complaint filed in the New York Supreme Court* claims that Vanguard failed to file returns and pay taxes for several years [...]

No Comments

Will Your Offshore Bank Pay Your Legal Fees and FBAR Penalties?

Unexpected good news for some folks with unreported offshore accounts! After the U.S. Justice Department levied record fines against Swiss banks UBS and Credit Suisse, several offshore banks are offering financial incentives to coax their U.S. clients to self report their offshore accounts. The pressure on Swiss banks has never been higher since the United [...]

No Comments

Small Business Captive Insurance Company, Life Insurance and the IRS

For many years, folks in the insurance industry have been conjuring ways to make life insurance premiums tax deductible.  Over the years we have seen many schemes that have failed IRS scrutiny. Welfare benefit plans set up under I.R.C. section 419, 412(e) plans and Producer Owned Reinsurance Companies (PORCs) are all common examples. When one [...]

No Comments

HSBC India Client Sent To Prison For Unfiled FBAR

Ashvin Desai is probably best known for inventing and manufacturing medical devices. Now he will known as the most recent American taxpayer sent to prison for having failed to report offshore bank accounts and file FBAR forms. Desai was sentenced last week to 6 months of prison followed by 6 months of house arrest. Desai [...]

No Comments

“Freedom Professional” Loses Freedom – Tax Evasion Post

A Madison, Wisconsin motivational speaker was sentenced to a year in federal prison after being convicted of three counts of failure to file a federal income tax return. Eric Plantenberg, age 42, founded several personal development companies including Personal Freedom Development and Freedom Professional Services. For the next 12 months, however, Plantenberg isn’t likely to [...]

No Comments

The Jig Is Up (FATCA – FBAR Post)

“The jig is up!” That was the lead in article just published in Forbes addressing the hundreds of thousands of U.S. taxpayers with unreported offshore accounts. After over a year of delays, the Foreign Account Tax Compliance Act – FATCA – is now in effect. Several days ago, foreign financial institutions began reviewing their accounts [...]

No Comments

Are FBAR Penalties Unconstitutional? In Many Cases Yes.

Calling the IRS’ FBAR penalties unconstitutional is a bold statement but in many cases we think they are. To better understand the argument, some history and discussion is necessary. The Eighth Amendment of the U.S. Constitution says, “Excessive bail shall not be required, nor excessive fines imposed, nor cruel and unusual punishments inflicted.” Although usually [...]

No Comments

Should Whistleblower Awards Extend to State Taxes

Mississippi is considering qui tam (whistleblower) legislation that would allow whistleblower awards for unpaid state taxes. The federal False Claims Act specifically excludes taxes from the law. Presently New York and Illinois are the only two states that permit such awards and although Illinois excludes income taxes. So what is the big deal and why [...]

No Comments

7 Days To Comply – Urgent News For Those With Unfiled FBARs

  In seven days, the amnesty rules change dramatically for folks with unreported offshore accounts in certain banks. As of July 1st, the IRS unveils a new amnesty program for unreported foreign bank accounts. Called OVDP 2014 (Offshore Voluntary Disclosure Program), the new plan increases penalties for people with unreported accounts at the following banks: [...]

No Comments

2014 OVDP – Many Changes, Many Questions & Few Answers

The changes to the Offshore Voluntary Disclosure Program are significant. They are so sweeping that as of July 1st, the IRS has given the program a new name – 2014 OVDP. (The prior programs were 2009, 2011 and 2012.) For many expats and certain others, the changes are welcome news. Penalties for these folks may [...]

No Comments

android surveillance software mobile phone spy software android slots real money play slots no download real money