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Goldburd McCone LLP
New York City Tax Lawyers

May 2017 Archives

Thinking about expatriation? Beware the Exit Tax.

The IRS's continued focus on offshore assets has led some American citizens and green card holders to at least consider the possibility of expatriation. Considering the gravity of this decision, citizens and permanent residents must account for many factors. One such factor is the Expatriation Tax, more commonly referred to as the Exit Tax.

The IRS is Getting Tougher (But Also Nicer!) in 2017

The IRS is constantly updating and refining its tax collection processes. In recent months, the IRS has formally announced many changes to its tax collection procedures. For taxpayers with delinquent taxes, some of these changes may create additional challenges. Some of these changes, however, could be welcome news.

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