Tax Information

IRS 2023 Dirty Dozen – Scam #12:   The Internal Revenue Service cautioned taxpayers beware of promoters peddling bogus tax schemes with international elements.(Part C) These schemes involve an international component, such as hiding cash and digital assets offshore or using Maltese foreign individual retirement accounts or foreign captive insurance. “These tax avoidance strategies often target…

IRS 2023 Dirty Dozen – Scam #12:   The Internal Revenue Service cautioned taxpayers beware of promoters peddling bogus tax schemes with international elements.(Part B) These schemes involve an international component, such as hiding cash and digital assets offshore or using Maltese foreign individual retirement accounts or foreign captive insurance. “These tax avoidance strategies often target…

IRS 2023 Dirty Dozen – Scam #12:   The Internal Revenue Service cautioned taxpayers beware of promoters peddling bogus tax schemes with international elements.(Part A) These schemes involve an international component, such as hiding cash and digital assets offshore or using Maltese foreign individual retirement accounts or foreign captive insurance. “These tax avoidance strategies often target…

IRS 2023 Dirty Dozen – Scam #11:   The Internal Revenue Service cautioned taxpayers beware of promoters peddling bogus tax schemes aimed at reducing taxes or avoiding them altogether. (Part B) These schemes can take many shapes, ranging from abusive deals involving syndicated conservation easements and micro-captive insurance arrangements. They can also involve an international component,…

IRS 2023 Dirty Dozen – Scam #11:   The Internal Revenue Service cautioned taxpayers beware of promoters peddling bogus tax schemes aimed at reducing taxes or avoiding them altogether. (Part A) These schemes can take many shapes, ranging from abusive deals involving syndicated conservation easements and micro-captive insurance arrangements. They can also involve an international component,…

IRS 2023 Dirty Dozen – Scam #10:   The Internal Revenue Service cautioned taxpayers to resist questionable tax practitioners and independent promoters selling schemes aimed at wealthy taxpayers. (Part C) As part of the IRS annual Dirty Dozen, these potentially abusive arrangements involve things like Charitable Remainder Annuity Trusts and monetized installment sales. Where appropriate, the IRS…

IRS 2023 Dirty Dozen – Scam #10:   The Internal Revenue Service cautioned taxpayers to resist questionable tax practitioners and independent promoters selling schemes aimed at wealthy taxpayers. (Part B) As part of the IRS annual Dirty Dozen, these potentially abusive arrangements involve things like Charitable Remainder Annuity Trusts and monetized installment sales. These tools can be…

IRS 2023 Dirty Dozen – Scam #10:   The Internal Revenue Service cautioned taxpayers to resist questionable tax practitioners and independent promoters selling schemes aimed at wealthy taxpayers. (Part A) As part of the IRS annual Dirty Dozen, these potentially abusive arrangements involve things like Charitable Remainder Annuity Trusts and monetized installment sales. These tools can be…

IRS 2023 Dirty Dozen – Scam #9: Watch out for Offer in Compromise ‘mills’ wherepromoters claim their services are needed to settle IRS debts (Part B) WHAT TO WATCH OUT FOR: OFFER IN COMPROMISE MILLS An Offer in Compromise (OIC) is when the taxpayer works with the IRS to settle a taxdebt for less than…

IRS 2023 Dirty Dozen – Scam #9: Watch out for Offer in Compromise ‘mills’ wherepromoters claim their services are needed to settle IRS debts (Part A) IRS 2023 Dirty Dozen – Scam #9: Watch out for Offer in Compromise ‘mills’ wherepromoters claim their services are needed to settle IRS debts (Part A)As part of the…