On behalf of Pridgeon & Zoss, PLLC | Jun 26, 2015 | IRS
The Internal Revenue Service (IRS) has issued a last-minute reminder that anyone with financial accounts located overseas may need to file a Report of Foreign Bank and Financial Accounts, which is done by use of Form 114, by June 30, 2015.The report is not filed with...
On behalf of Pridgeon & Zoss, PLLC | Jun 19, 2015 | IRS
The answer to that question, as with so many things tax-related, is “It depends.” The Internal Revenue Code imposes automatic penalties for many violations of the Code, in order to drive compliance.If you are penalized for missing a payment or for...
On behalf of Pridgeon & Zoss, PLLC | Jun 12, 2015 | Back Taxes Or Tax Debt
Many people believe that television and movie stars live on virtually unlimited incomes. Unfortunately, for some of those entertainers, they act as if that were a true statement, and sometimes run into problems from the taxman.The latest case involves Melissa Gilbert,...
On behalf of Pridgeon & Zoss, PLLC | Jun 5, 2015 | IRS
In recent years, one of the more worrisome tax matters has been FBAR reporting. The Report of Foreign Bank and Financial Accounts (FBAR), which is a required filing for U.S. persons with financial accounts in a foreign country, where they either have an interest in...