#Avoid #Business #Audit #CPA #Consultants #US #USA #Miami #Consultor http://ow.ly/i/k8jOW
Irs urges people to take advantage of voluntary disclosure programs:
Quickbooks course. Keep up to daye your business finances
Is There a Real Estate Bubble in the USA? [infographic] #realestate #bubble http://ow.ly/FHBXa
Why a Small Business Loan is a Good Idea?
The IRS is now working on creating a path specifically for otherwise honest people who want to comply with their U.S. tax obligations, without using the hammer of steep penalties designed primarily to punish U.S. residents trying to duck their taxes. New IRS commissioner John Koskinen, acknowledged that his agency has been fixated on tax cheats, with too little regard for “non-willful” victims of its crackdown.
“Our goal is to ensure we have struck the right balance between emphasis on aggressive enforcement and focus on the law-abiding instincts of most U.S. citizens who, given the proper chance, will voluntarily come into compliance and willingly remedy past mistakes.”
This is good news for an untold number of Expats who continue to stay in the shadows, not filing tax returns, as required by U.S. law.
Mr. Koskinen’s motives may not be entirely altruistic. The promise to create an easier amnesty program comes just weeks before the Foreign Account Tax Compliance Act comes into effect July 1. The law is expected to create a flood of information for the IRS to sort through.
For individuals whose only transgression is a failure to file U.S. tax returns, compliance has meant years of complicated back taxes and onerous foreign account disclosures, the threat of steep penalties and up to tens of thousands of dollars in accounting fees. As a result, many people have chosen to stay in the shadows, afraid of the heavy and unpredictable financial burden of coming clean.