Blog Posts in 2017

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  • Passport Revocation Gives the IRS More Leverage Against Taxpayers
    Passport Revocation Gives the IRS More Leverage Against Taxpayers

    The IRS already has many tools at its disposal to force taxpayers to pay delinquent tax debts. Recently, the IRS added another weapon to its arsenal. Now, taxpayers with significant tax deficiencies ...

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  • What cash buyers of high-end residential real estate need to know
    What cash buyers of high-end residential real estate need to know

    The U.S. Department of Treasury's Financial Crimes Enforcement Network (FinCEN) has substantial resources and goes to great lengths to investigate and identify individuals and businesses suspected of ...

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  • Audits are decreasing, but audits on the wealthy could be on the rise
    Audits are decreasing, but audits on the wealthy could be on the rise

    The IRS' resources have diminished over the past five years. Due to budget cuts, the number of IRS enforcement officers has decreased from a high of nearly 23,000 agents in 2010 to approximately ...

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  • Can You Benefit From The Mortgage Forgiveness Debt Relief Act?
    Can You Benefit From The Mortgage Forgiveness Debt Relief Act?

    Historically, any discharge of a debt or other relief from debt was taxable as income. Consequently, mortgage debt that was forgiven by a lender as part of a principal reduction, short sale or ...

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