Posts Tagged ‘federal income taxes’

US Citizens Abroad, File Your IRS Return!

Friday, November 4th, 2011

We all know that you can’t hide from the IRS; eventually they will find you. The recent effort to find off-shore tax evaders is a good example of IRS fiscal motivation but their reach is large and wide, particularly for those who no longer live within US borders. What many people may not realize is that if you are a US citizen but live and work outside US borders, the
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How Will FICA Affect Your Paycheck?

Thursday, January 22nd, 2009

I’ve blogged before on President Obama’s plan to raise income taxes on Americans making more than $250,000 a year.
But something that has not been in the spotlight quite as much is Obama’s proposal to raise the cap on the Federal Insurance Contributions Act (FICA). FICA is a tax that funds Social Security and Medicare.
Brian Compton, my associate and the President of Tax Resolution Services, was recently interviewed by Craig Clough
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Mass. Man Evaded $2 Million Tax Bill

Thursday, December 6th, 2007

A Newton, Mass., man received one year in prison for every million of the $2 million in income taxes he evaded.
Robert D. Epstein, 61, pleaded guilty to charges that he failed to report as income approximately $5,952,000 in money that Epstein secretly removed from his law partnership. By failing to record the money he took from the partnership, Epstein evaded approximately $2,225,000 in federal income taxes.
He was sentenced to two
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