|
NEWS Justice Department Seeks Swiss Bank Records The U.S. District Court in Miami, Florida granted the Justice Department’s request for the IRS to summons banking records pertaining to U.S. taxpayers from UBS AG, based in Switzerland. The IRS will use a “John Doe” summons to obtain information regarding possible tax fraud since the identities of the target taxpayers are unknown. The following are links to news releases by the Justice Department regarding the status of efforts to obtain Swiss bank records from UBS. June 30, 2008: http://www.usdoj.gov/opa/pr/2008/June/08-tax-579.html July 1, 2008: http://www.usdoj.gov/opa/pr/2008/July/08-tax-584.html
Internal Revenue Service releases new collection financial standards. "To promote better consistency and fairness, the IRS has revised the methodology for calculating some of the Allowable Living Expense standards used in collection determinations. These changes will be reflected in the 2007 standards which will become available and effective October 1, 2007." - Headliner Volume 21, August 30, 2007 Review the current IRS Collection Financial Standards.
CALENDAR OF EVENTS Our attorneys speak frequently on tax law topics before various professional groups. We also teach tax courses at area universities and present CPE seminars. These and other events are scheduled on the calendar below.
|