Posted in on January 25, 2010
President Obama signed a law on January 23, 2010 which allows taxpayers to claim a charitable deduction on their 2009 income tax returns for donations made to Haiti relief efforts in 2010.
Read MorePosted in on January 21, 2010
Location: San Antonio, Texas
Dates: January 21st to January 23rd, 2010
Companies should make sure they are in compliance.
Read MorePosted in on January 12, 2010
The word on the street is that another Swiss banker is in the process of disclosing information concerning offshore accounts.
Read MorePosted in on January 10, 2010
The IRS has given U.S. taxpayers participating in the IRS Offshore Settlement Initiative Program (“the Initiative”) until January 15, 2010 to provide additional information to the IRS concerning offshore accounts. Thus, U.S. taxpayers with accounts in foreign banks have just over 2 weeks to make a complete voluntary disclosure of their accounts to the IRS or risk facing increased monetary penalties – which can exceed the value of the account – and potential criminal prosecution. Taxpayers who failed to enter the Initiative may still potentially take advantage of the reduced penalty framework by filing before January 15, 2010.
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