On behalf of Goldburd McCone LLP | Sep 30, 2016 | Tax Collection
The IRS recently announced it will begin using private debt collectors to collect certain types of tax debts. The IRS has contracted with four private collection agencies that will focus their efforts on the following types of tax debts: Older tax debts on which more...
On behalf of Goldburd McCone LLP | Sep 23, 2016 | Tax Collection
Half of all states and the District of Columbia have legalized the use or sale of marijuana, either for medicinal purposes or in some cases recreational and medicinal purposes. Despite these changes to state laws, marijuana is still classified as a Schedule I drug...
On behalf of Goldburd McCone LLP | Sep 14, 2016 | International Tax Law
As we wrote recently, the Supreme Court of Israel was considering a challenge to the legality of the Foreign Account Tax Compliance Act, or FATCA. FATCA is a U.S. law under which banks and other financial institutions outside the United States are required to report...
On behalf of Goldburd McCone LLP | Sep 12, 2016 | FATA, FBAR, International Tax Law
The Foreign Account Tax Compliance Act, or FATCA, has major implications for people with dual citizenship in Israel and the United States. Under FATCA, foreign financial institutions are to provide account information for taxpayers holding more than $50,000 in foreign...
