Are offshore credit cards illegal?
- David Greene
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Americans can do business in any country as long as such business is allowed by that country. Therefore, having an offshore credit card is not illegal. However, most of these cards are designed to evade income tax and that is…
Are foreign bank accounts illegal for American citizens?
- David Greene
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It’s amazing the rumors that abound about the IRS. You will not get in trouble for merely having a foreign bank account, so long as you report it properly on your tax return. Many people and businesses have such accounts…
Are offshore bank accounts illegal?
- David Greene
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As I have mentioned previously in this column, the IRS has launched an aggressive offensive campaign against people who have offshore bank accounts. It is certainly not illegal to have an offshore account or credit card and there are many…
How to get your passport restored if it has been restricted due to delinquent taxes.
- David Greene
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In prior blogs, I have discussed how the Passport Restriction program works and listed some exceptions to the rule. Now I will list ways to get the restrictions lifted. (1) Pay the debt in full. (2) Enter into a full-pay Installment Agreement….
Here are the Dirty Dozen tax scams for 2018 according to the IRS.
- David Greene
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The Dirty Dozen: (1) Telephone scams threatening to have you arrested if you don’t pay immediately. The IRS will never call you asking for money. (2) Phony emails asking you to go to a website and give personal information. The…
The IRS “Dirty Dozen” tax scams.
- David Greene
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Last week we talked about the first half of the IRS Dirty Dozen tax scams. Today I’ll list the last 6. 7. Fake Charities – Scammers pretend to be collecting money for a charity, usually after a disaster. You can…
Please visit my blog at www.greenelaw.legal to learn about the IRS “Dirty Dozen” tax scams.
- David Greene
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Each year the IRS compiles its Dirty Dozen tax scams – the worst of the worst. Here they are. 1. First on the list is Identity Theft. We addressed this in May. 2. Phone scams – One type of phone…
Is it legal to have a personal foreign bank account?
- David Greene
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It’s amazing the rumors that abound about the IRS. An individual will not get in trouble for merely having a foreign bank account, so long as he reports it properly on his tax return. Many people and businesses have such…
How the IRS deals with Offshore Accounts
- David Greene
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If you receive a letter from a revenue agent about an offshore bank account or credit card you need to be very concerned. The fact that this letter comes from a revenue agent (as opposed to a revenue officer) means…