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Foreign Bank Account and Foreign Income Reporting:

By David Welch Foreign bank account and foreign income reporting has been a major concern for certain taxpayers the last several years. For those not aware, the issue is rather straight-forward: If you own foreign bank accounts or other foreign assets, you very well...

IRS Offers Safe Harbor for Losses from Ponzi Schemes

In view of the number of investment frauds recently discovered, and the potential scope of the losses, the Internal revenue Service recently adopted a Revenue Ruling (#2990-9) and Revenue Procedure (#2009-20) aimed at avoiding difficult issues of proof as to how much...
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