Posted in News, Offshore Account Update on December 31, 2021
As we head into 2022, there is a lot that individual and corporate taxpayers need to know in order to be prepared. From new reporting obligations to new enforcement priorities, there were a lot of headlines in 2021. In this article US International Tax Advisors recaps some of the top stories from the year.
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Posted in News, Offshore Account Update on December 17, 2021
The Offer in Compromise (OIC) program provides an opportunity for eligible U.S. taxpayers to settle their outstanding tax debt for less than the full amount they owe. Recently, the Internal Revenue Service (IRS) published a series of videos explaining the OIC application process and warning of common scams involving the OIC program. In this article, US International Tax Advisors discusses some of the key aspects of the OIC program and offers some key insights for taxpayers who are interested in pursuing an offer in compromise.
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