IRS Levy of a Foreign Bank Account
IRS Levy of a Foreign Bank Account Yes, the IRS can levy your foreign bank account. Don’t believe that your money is safe just because it is offshore. If you…
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Your Plan B
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All the tools you need to move abroad
Tax Debt, Corporations and the IRS
This article on corporations and the IRS will describe how to use a corporation to keep the great collector at bay while you organize your finances and documents. You must…
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IRS Penalty Abatement
An IRS penalty abatement is the best way to eliminate IRS penalties for late payment and late filing. An IRS penalty abatement doesn’t reduce the underlying tax, just the penalties…
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Six Tax Debt Mistakes
When you have a tax debt, the IRS already has the advantage. Don’t make things worse while negotiating a tax debt and give them more leverage. You need to be…
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IRS Partial Pay Installment Agreement.
When you owe the IRS big, and ignore them, they can empty your bank account and come after your wages or other income. Hiding your head in the sand is…
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Message to IRS Employees from Commissioner John Koskinen
Dear IRS Employees, As I promised last month, I am following up with you to share some important new details about what the 2015 budget cuts will mean for you…
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How the IRS Tracks You
If you have a tax debt, the IRS will track you down. This article talks about how the IRS tracks you and what you might do to maintain some privacy.…
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The Cook Islands Asset Protection Trust and History
The Cook Island Trust launched the offshore asset protection industry. The Cook Islands Trust was the first, and often still the best, asset protection vehicle available. The Cook Island trust…
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UK To Eliminate Tax Returns In 5 years And How To Do The Same In The US
The UK is phasing out tax returns over the next 5 years. Here’s how to do the same in the United States. Let’s start with a dream: what if all…
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IRS Risks from a Tax Debt
Your IRS risks are those assets and income sources the U.S. government can levy, often before you can complete an installment agreement or Offer in Compromise. Understanding your IRS risks…
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