Blog Posts in 2012

All Posts
  • Fort Lauderdale, Miami and Palm Beach Area Taxpayers Must Act Quickly In Order to Take Advantage of Tax Relief on Mortgage Debt Forgiveness Before It Expires on December 31, 2012!
    Fort Lauderdale, Miami and Palm Beach Area Taxpayers Must Act Quickly In Order to Take Advantage of Tax Relief on Mortgage Debt Forgiveness Before It Expires on December 31, 2012!

    Important Update to Our Mortgage Forgiveness Debt Relief Blog for Those Contemplating, or in the Middle of, a Foreclosure or Short Sale. For those taxpayers contemplating, or in the middle of, a ...

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  • Action Needed to Comply with Foreign Account Tax Compliance Act Proposed Regulations
    Action Needed to Comply with Foreign Account Tax Compliance Act Proposed Regulations

    Florida taxpayers must take affirmative actions to comply with the Foreign Account Tax Compliance Act. Originally enacted in 2010, the Foreign Account Tax Compliance Act ("FATCA") targets ...

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  • IRS Expands Investigation of Offshore Accounts Beyond Swiss Banks to Israeli, Japanese, and other European Banks
    IRS Expands Investigation of Offshore Accounts Beyond Swiss Banks to Israeli, Japanese, and other European Banks

    The IRS's 2009 and 2011 Offshore Voluntary Disclosure Initiatives ("OVDI") have been very successful in terms of having taxpayers come forward to report their offshore accounts. One of the reasons so ...

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  • Swiss Banks
    Swiss Banks "Cooperate" with U.S. Officials

    Eight Swiss banks recently turned over data on its U.S. clients suspected of tax evasion to U.S. officials. At the Swiss government's request, however, the data was encrypted and will remain so until ...

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  • Parkes Found Guilty of Bank Fraud for Loans to LLCs
    Parkes Found Guilty of Bank Fraud for Loans to LLCs

    On February 2, 2012, the 6th Circuit Court of Appeals reversed Defendant Timothy Parkes' convictions of bank fraud on all counts and granted his motion for judgment of acquittal. The 6th Circuit held ...

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