Not sure if this is good news, bad news, or just business as usual. Here’s the press release (hat tip as always to TaxProf Blog): Today, President Barack Obama announced his intent to nominate Elizabeth Ann Copeland as a Judge to the United States Tax Court. “Elizabeth has demonstrated unwavering integrity and dedication throughout her
Rejecting US threats, the National Counsil tossed “Lex USA”. The big question now is if the US will follow through with its threats of destroying 18 banks, and how many innocent people will be harmed in the process. Yesterday, Postfinance expressed great fear that it might be the target of US wrath since it is
“Not that Lisa” has just had her ‘Opt Out’ success story published at Jack Townsend blog. It is accompanied by his comments which I encourage you to read. I came to know of Lisa during my dark days on Jack’s blog as “anon5Percent”. Later, due to her efforts to find me, I got to know her
Warning: Please read the first two comments to this post before accepting at face value the advice of Medic Blog (the editor). After entering OVDI/P, American expats later learned that such was only meant for tax cheats and not for them. Now, it seems that the same may also apply to soft/quiet disclosures. Are
As, rightly, suggested by badger for a dedicated post at Isaac Brock: Jack Townsend’s OPTING OUT, Part 3 and latest comment, anon5percent Jack – Good news! I am an OVDI participant who asked to opt out into the Streamlined Program. I have been accepted into the Streamlined Program as a low risk for non-compliance. I
Here it is: http://www.mondaq.com/canada/x/200116/tax+authorities/Do+Not+Get+Out+Of+IRSs+Tax+Amnesty+Programs+Without+Knowing+The+Facts Canada: Do Not Get Out Of IRS’s Tax Amnesty Programs Without Knowing The Facts OR Direct Link: Roy Berg’s Entire ” Do not get out of IRS’s tax amnesty programs without knowing the facts” A couple of initial comments I have: 1. My understanding is once you enter OVDI Criminal
http://www.youtube.com/watch?v=ooFTvJiHzMk&list=UUPIj95W1bHT9NSpNMm2oVbQ&index=30&feature=plcp Includes a couple of notable people such as Hale Shepard of Tax Notes Today. I am not sure what conclusions if any to draw from it.
If you haven’t been keeping up with the travails of IJ, on Jack Townsend’s blog, you have missed a remarkable story. IJ is a Chinese immigrant to America who came to our shores via Canada. He got caught up in the OVDI, and after a long struggle decided to “Opt Out”. He was prepared to
Jack Townsend is well known as a measured, serious, non hyperbolic Law Professor who has an excellant blog called Federal Tax Crimes. His analysis of court cases and his tireless fielding of questions, have helped me (and many other minnows) know more about tax law and the OVDP / OVDI processes then I have ever
#IRS releases new FAQs for Offshore Voluntary Disclosure Program, announces other rules: ow.ly/bSQJh — JournalofAccountancy (@AICPA_JofA) June 28, 2012
