More...

Texas Court rules 'non-willful penalty' should apply 'per FBAR' not per account
In a case experts say has potentially major repercussions for expatriate Americans, the U.S. District Court for the Eastern District of Texas has ruled that the penalty for so-called "non-willful violations" of the U.S. Foreign Bank Account Reporting regulations should be calculated on a "per-FBAR", rather than per account, basis.
• July 8, 2020
• Tax
• By Helen Burggraf

Andersen Global enters Caribbean market via collab agreement with Puerto Rican BDO tax firm
Andersen Global, the San Francisco-based organization of legally-separate tax and legal services firms that evolved out of a part of the now-defunct Arthur Andersen accountancy firm, has unveiled what it calls a "collaboration agreement" with a San Juan, Puerto Rico-based tax firm that it says will mark its entry into…
• July 6, 2020
• Tax
• By staff writer

U.S. Tax Court declines to consider US$160,000 passport revocation case, involving New York-resident American
The U.S. Tax Court in Washington last Thursday said it “lacked jurisdiction” and otherwise “could provide no… relief” to a New York resident who brought a legal challenge over the revocation of her American passport on grounds that she owed US$160,000 in “assessed penalties” to the IRS.
• June 30, 2020
• Tax
• By Helen Burggraf

Little-known Irving Berlin song celebrates payment of one’s taxes
If the U.S. Internal Revenue Service has recently issued a call for a songwriter to come up with a melody celebrating the paying of one’s income taxes, we aren’t aware of it. Back in 1942, though, Irving Berlin apparently didn’t even need to be asked to write I Paid My…
• June 28, 2020
• Tax
• By Helen Burggraf