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Posts Tagged Portland tax attorney

IRS Seeks To Tax “Stateless Income” – Business Tax Post

Here is a new term for you, “stateless income.” Thought to have been coined by a Congressional staffer in 2007, the IRS has apparently adopted the term – and the cause. Stateless income occurs when a company structures itself such that its profits are not taxed in any jurisdiction. An IRS deputy chief counsel announced [...]

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Due Diligence Featured In TaxConnections

We write every day. In just over two years we have posted over 1000 blog posts. (The 1000th post was just last week.) Since we began writing about tax and fraud, we have also picked up many readers and followers. Our Internet hosting company says we had over 80,000 visitors in the last month! That [...]

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“We’re Not Collecting Taxes At Gunpoint…” IRS Criminal Investigations Post

The title of this story comes from a great quote carried by WSB TV in Atlanta on Thursday. Josh Waite, head of Georgia Revenue Department’s special investigation unit said, “It’s a law enforcement agency. We’re not collecting taxes at gunpoint but we are going after the criminals that are stealing tax dollars.” Waite was talking [...]

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Revoking An Irrevocable Trust? Yes!, It’s Possible

Irrevocable trusts have been common estate planning tools in recent years. Once thought to be only for the super rich, they have become fairly common place. In most instances, they are a great way to insure your assets remain useful long after you die. There are dozens of reasons for creating irrevocable trusts but little [...]

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FBAR Violation Leads To Suspended Sentence For Indian American

Vaibhav Dahake was sentenced yesterday by a federal judge in New Jersey to a year probation after pleading guilty to not filing FBARs for accounts in India and the British Virgin Islands. Press reports indicate he received a lighter sentence as part of a plea agreement and assistance he gave the government on other tax [...]

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