Monte Silver counters IRS ‘dismiss’ motion in U.S. Court

Israel-based U.S. tax attorney Monte Silver has formally countered the Internal Revenue Service’s motion earlier this month to dismiss his and his company's ongoing lawsuit that challenges a key component of President Trump's December 2017 tax reform legislation.

  • News

IRS formally announces it 'will [no longer] challenge' foreign tax credits on two French social services 'contributions'

 The U.S. Internal Revenue Service said on Wednesday that it "will not challenge" the claiming of foreign tax credits against certain controversial payments that potentially thousands of American expatriates resident in France have been paying for years, and noted that taxpayers who wish to file a claim for refund of U.S. tax with respect to a foreign tax credit have 10 years after the "due date for filing the return" in question in which to do so.

  • Tax

American couple in France in major win against IRS over tax

In a development that is being seen by American expat groups in France as a major win, the U.S. Internal Revenue Service has admitted in a U.S. Tax Court that it had wrongly collected millions of dollars of tax from France-resident American citizens, ending a years-long legal saga that could see millions of dollars paid to U.S. expats who have lived in and been filing tax returns from France, in the form of refunds.

  • Tax

Revealed: IRS’s sense of humor

As the countdown  continues to Tax Day in the U.S., on Monday, we thought it would be a good time to call attention to a rather quirky collection of tax quotations that we stumbled on, buried deep inside the IRS’s website.

Yup. For all its unflinching greediness, which seems to radiate from its very website at this time of year, the U.S. Internal Revenue Service would seem, on at least some level, to be aware of certain ironies, hypocrisies and even undeniably funny things that are fundamental to the business of taxing people...

  • Tax

IRS seen ramping up penalties on late-filed foreign trusts, CFCs, FBARs in 2019

The U.S. Internal Revenue Service, which has seen its operating budget slashed over the past eight or nine years, appears to be looking to increase its use of penalties against those non-U.S. resident taxpayers who fail to file documents or pay the taxes they owe on time, U.S. Tax and Financial Services Ltd founder and chief executive Darlene Hart says.

  • Tax
Subscribe to this RSS feed

Opinion

Ross McGill: ‘FATCA isn’t the problem: CBT is’ 

Ross McGill: ‘FATCA isn’t the problem: CBT is’ 

In the early years of this century, a number of major media exposés reported how Homeland Americans, as well as rich people from other developed and developing countries, were making...

Mar-18-2023