Thursday, July 31, 2008
Tax Haven Bank Secrecy Tricks
Senator Carl Levin (D-MI) revealed a list of “secrecy tricks” he said the UBS
bankers used to carry out their tax haven schemes. They include:
• Code Names for Clients
• Pay Phones, not Business Phones
• Foreign Area Codes
• Undeclared Accounts
• Encrypted Computers
• Transfer Companies to Cover Tracks
• Foreign Shell Companies
• Fake Charitable Trusts
• Straw Man Settlors
• Captive [...]
bankers used to carry out their tax haven schemes. They include:
• Code Names for Clients
• Pay Phones, not Business Phones
• Foreign Area Codes
• Undeclared Accounts
• Encrypted Computers
• Transfer Companies to Cover Tracks
• Foreign Shell Companies
• Fake Charitable Trusts
• Straw Man Settlors
• Captive [...]
Source: http://feeds.feedburner.com/~r/IRSTaxAuditNews/~3/351763993/
Wednesday, July 30, 2008
Blue 9004 Xenon HID Headlights 87-93 Saab 900 9000 85K
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STARTER SAAB 9-3 9-5 1999 00 01 4 CYL
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Tuesday, July 29, 2008
03-07 SAAB 9-3 SEDAN REAR VIEW MIRROR COMPASS HOMELINK
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Monday, July 28, 2008
Saab 9-3 Sport Sedan SID Information Display New
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Cayman Islands, Business and Tax Advantages Attract U.S. Persons and Enforcement Challenges Exist
The U.S. Government Accountability Office (GAO) has recently published, “Cayman Islands, Business and Tax Advantages Attract U.S. Persons and Enforcement Challenges Exist.”
The 57 page pdf can be found here.
The 57 page pdf can be found here.
Source: http://feeds.feedburner.com/~r/IRSTaxAuditNews/~3/348625565/
Tuesday, July 22, 2008
MLS data-sharing effort adds 3 members - Inman.com (subscription)
MLS data-sharing effort adds 3 members Inman.com (subscription), CA - Meanwhile, other separate MLS collaborative projects are proceeding in California. CALMLS (see Inman News), a subsidiary of the California Association of ... |
Monday, July 21, 2008
Goal.com Exclusive: Xavier Speaks Out Against Gullit - Goal.com
Permanent Subcommittee on Investigations Issues Report On Tax Haven Banks Hiding Billions from the IRS
7/17/08 Press Release from Michigan Senator Carl Levin’s office-
WASHINGTON – At a Thursday hearing entitled, Tax Haven Banks and U.S. Tax Compliance, the latest in a series of hearings with insider information about the workings of the offshore industry, the Senate Permanent Subcommittee on Investigations will examine how tax haven banks facilitate tax evasion by U.S. [...]
Source: http://feeds.feedburner.com/~r/IRSTaxAuditNews/~3/341815370/
Go The Kiwi Way - Goal.com
Go The Kiwi Way Goal.com, Switzerland - Play in the collegiate system and try getting into the MLS. A good stint in the MLS brings them on the radar of the European clubs – not the big ones but ... |
Nicol Finalizes MLS All-Star Roster, Commissioner Picks Unveiled - Goal.com
Sunday, July 20, 2008
On track with a new boss - Los Angeles Times
Ethiopia: Young Dire native’s first MLS goal a “great debut” - Jimma Times
Friday, July 18, 2008
UBS, LGT Helped Hide Assets, Evade Taxes, Senate Says
UBS, LGT Helped Hide Assets, Evade Taxes, Senate Says (Update2)
By David Voreacos and Carlyn Kolker, Bloomberg.com
UBS AG and Liechtenstein bank LGT Group aided rich U.S. clients who wanted to disguise ownership of accounts and evade taxes on hidden assets, a Senate subcommittee said.
UBS, the world’s largest wealth manager, hid as much as $17.9 [...]
By David Voreacos and Carlyn Kolker, Bloomberg.com
UBS AG and Liechtenstein bank LGT Group aided rich U.S. clients who wanted to disguise ownership of accounts and evade taxes on hidden assets, a Senate subcommittee said.
UBS, the world’s largest wealth manager, hid as much as $17.9 [...]
Source: http://feeds.feedburner.com/~r/IRSTaxAuditNews/~3/339187253/
Thursday, July 17, 2008
International Tax Compliance - Definition of U.S. Person
“Each year, in the United States alone, offshore tax evasion produces an estimated $100 billion in unpaid taxes that could help pay for health care, education, and more. It’s time to put an end to offshore tax dodging that robs the U.S. Treasury of needed funds.” —Statement of Senators Carl Levin (D-Mich.) Norm Coleman (R-Minn.), [...]
Source: http://feeds.feedburner.com/~r/IRSTaxAuditNews/~3/313220172/
Tuesday, July 15, 2008
SmartSpeak Solutions Calls on RightNow® for Customer Service ... - iTWire (press release)
SmartSpeak Solutions Calls on RightNow® for Customer Service ... iTWire (press release), Australia - Who helps the helpdesk when a support organisation decides to improve its customer service? This was the situation in which SmartSpeak Solutions found ... |
Day of Reckoning? Super Rich Tax Cheats Outed by Bank Clerk
Technician in Liechtenstein Turns Over Names of Americans With Secret Bank Accounts
By BRIAN ROSS and RHONDA SCHWARTZ, ABCNEWS.GO.COM
July 15, 2008—
Hundreds of super-rich American tax cheats have, in effect, turned themselves in to the IRS after a bank computer technician in the tiny European country of Liechtenstein came forward with the names of US citizens who [...]
By BRIAN ROSS and RHONDA SCHWARTZ, ABCNEWS.GO.COM
July 15, 2008—
Hundreds of super-rich American tax cheats have, in effect, turned themselves in to the IRS after a bank computer technician in the tiny European country of Liechtenstein came forward with the names of US citizens who [...]
Source: http://feeds.feedburner.com/~r/IRSTaxAuditNews/~3/336317038/
International Tax Compliance - Foreign Corporation/Foreign Partnership
Foreign Corporation (Form 5471)/Foreign Partnership (Form 8865)
Control Rules
Any U.S. Person who controls a foreign corporation or foreign partnership during the tax year must file a Form 5471 (for a corporation) or Form 8865 (for a partnership). (IRC §6038.) These forms must be filed with the U.S. Person’s timely filed federal tax return (including extensions).
For foreign [...]
Control Rules
Any U.S. Person who controls a foreign corporation or foreign partnership during the tax year must file a Form 5471 (for a corporation) or Form 8865 (for a partnership). (IRC §6038.) These forms must be filed with the U.S. Person’s timely filed federal tax return (including extensions).
For foreign [...]
Source: http://feeds.feedburner.com/~r/IRSTaxAuditNews/~3/311346082/
Monday, July 14, 2008
Sunday, July 13, 2008
International Tax Compliance - Foreign Disregarded Entity (U.S. Owner) Form 8858
Does The Taxpayer Own An Interest In A Foreign Disregarded Entity?
Special reporting rules also apply to U.S. Persons who are owners of a foreign disregarded entity.
Any U.S. Person that is treated as the owner of the assets or liabilities of a foreign disregarded entity is required to file a Form 8858 with its timely filed [...]
Special reporting rules also apply to U.S. Persons who are owners of a foreign disregarded entity.
Any U.S. Person that is treated as the owner of the assets or liabilities of a foreign disregarded entity is required to file a Form 8858 with its timely filed [...]
Source: http://feeds.feedburner.com/~r/IRSTaxAuditNews/~3/310554648/
International Tax Compliance - Foreign Gifts (U.S. Person)
U.S. Persons that receive gifts from foreign individuals or entities must also report such transfers.
Generally, a U.S. Person must report on a Form 3520 (1) any gifts from a non-resident individual or foreign estate that collectively exceed $ 100,000, (2) any gifts from foreign corporations and foreign partnerships that collectively exceed $10,000 (adjusted for inflation). [...]
Generally, a U.S. Person must report on a Form 3520 (1) any gifts from a non-resident individual or foreign estate that collectively exceed $ 100,000, (2) any gifts from foreign corporations and foreign partnerships that collectively exceed $10,000 (adjusted for inflation). [...]
Source: http://feeds.feedburner.com/~r/IRSTaxAuditNews/~3/309832395/
Saturday, July 12, 2008
International Tax Compliance - Foreign Trust (U.S. Tax Reporting)
1. Form 3520 is filed upon initial Trust formation (within ninety (90) days of formation).Annually, this form is used to report transactions with foreign Trusts and to report receipts of foreign gifts.The Form 3520 return is due on the 15th day of the third month after the end of the year of the Trust. For [...]
Source: http://feeds.feedburner.com/~r/IRSTaxAuditNews/~3/308996664/
Friday, July 11, 2008
Thursday, July 10, 2008
International Tax Compliance - Foreign Trust (U.S. Person): Reportable Event
A reportable event is generally defined as the creation or funding (with money or property) of a foreign trust by a U.S. Person, including transfers by death. It also includes the death of a U.S Person if the person was an owner of the foreign trust or any portion of the trust is includible in [...]
Source: http://feeds.feedburner.com/~r/IRSTaxAuditNews/~3/308213763/
Wednesday, July 9, 2008
Tuesday, July 8, 2008
Crystal Palace Baltimore (USL-2) at New England Revolution (MLS) - USOpenCup.com
Crystal Palace Baltimore (USL-2) at New England Revolution (MLS) USOpenCup.com - After defeating the Richmond Kickers 3-0 in the third round, the New England Revolution defeated the MLS Western Conference leading Los Angeles Galaxy 2-1 ... Palace eyes to stop MLS’s Revolution It’s Open season for Revs’ Warren Crystal Palace Baltimore hope to quell Revolution |
IRS Taps Audit Firms to Probe Foreign Bank Role in Tax Cases
July 3 (Bloomberg) — The Internal Revenue Service summoned six of the biggest accounting firms to help detect foreign banks whose U.S. customers may be evading taxes through secret accounts, expanding an investigation that yielded a guilty plea by a former banker for UBS AG.
The IRS scheduled a July 8 conference call with the auditors [...]
The IRS scheduled a July 8 conference call with the auditors [...]
Source: http://feeds.feedburner.com/~r/IRSTaxAuditNews/~3/325950146/
Monday, July 7, 2008
International Tax Compliance - Foreign Bank Accounts
The FBAR rules are established in the 1970 Bank Secrecy Act (since 2003 the IRS enforces these rules).
U.S. Donor: FBAR form
The FBAR filing requirement applies if a U.S. person has a signatory power over or financial interest in a foreign bank account or securities account if the aggregate value of the accounts exceeds $10,000.
The U.S. [...]
U.S. Donor: FBAR form
The FBAR filing requirement applies if a U.S. person has a signatory power over or financial interest in a foreign bank account or securities account if the aggregate value of the accounts exceeds $10,000.
The U.S. [...]
Source: http://feeds.feedburner.com/~r/IRSTaxAuditNews/~3/306285902/
International Tax Compliance - IRS Tax Audit Strategy
Private placement life insurance is a pre-emptive IRS audit tax strategy that transforms taxable ordinary income and capital gains into tax-free income (with no income tax reporting required under current U.S. Law). Please reference IRS Private Letter Ruling 200244001 (May 2, 2002).
For U.S. Persons with investment income, private placement life insurance provides for compliant, [...]
For U.S. Persons with investment income, private placement life insurance provides for compliant, [...]
Source: http://feeds.feedburner.com/~r/IRSTaxAuditNews/~3/305481542/
Wednesday, July 2, 2008
Henry can see himself playing in MLS - someday - HappyNews.com
Henry can see himself playing in MLS - someday HappyNews.com, TX - By AP Thierry Henry can see himself following David Beckham's path and leaving Europe to join Major League Soccer — someday. ''Why not? ... |
Revs’ Ralston named MLS Player of the Week - Nashua Telegraph
Revs’ Ralston named MLS Player of the Week Nashua Telegraph, NH - The Major League Soccer Player of the Week is selected each week of the MLS regular season by a panel of journalists from the Professional Soccer Ralston’s ... |
Tuesday, July 1, 2008
Ximo Ephedra <b>Home Business</b> Billion Dollar Market With James Hertzog
Ximo Ephedra Home Business launch. Join James Hertzog and find out what so many others already know. James can lead you to home business success. ximo ximo weight loss ximo ephedra weight loss ximo Ma Huang weight loss ximo weight loss ...
Midday Market Update: After a Shaky Morning, the Market Moves Upward - Schaeffers Research
R1-PREMIUM Drill/Slot F+R ROTORS - Saab 9-3 Viggen
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