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Why Do So Many FBAR Taxpayers Want to Rely on Hope?

By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FBAR on Thursday, April 23, 2015. There is a concerning trend we're seeing with FBAR taxpayers who are placing too much hope on the streamlined domestic offshore procedures option within OVDP.  The core issue is what the IRS...

Woman Contacted by IRS Regarding False Identity Return Not Alone

By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Monday, April 20, 2015. The IRS has been contacting some taxpayers, including one woman in Lawrence Kansas, requesting additional identification due to a substantial increase in identity theft and fraud relating to using a false identity to...

IRS Targeting “Microcaptives” as Potential Tax Schemes

By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Audits on Friday, April 17, 2015. The IRS has targeted and is agressively auditing "Microcaptives" as one of the more common schemes to avoid paying taxes.  Larger corporations have created their own "captive" insurance companies for years.  This...