Representation Archives - Page 3 of 13 - FREE Yourself from IRS Problems

Shamsey Oloko May 5, 2016 FATCA, FBAR, Filing Status, Foreign Financial Account, Form 1040, Income Tax, Representation, Tax Evasion, Taxable Income 0

Increased Compliance – Record High Fbars Were Filed In 2015

Do you live abroad? Do you own an asset or bank or investment account that had an accumulated value or total exceeding $10,000 at any time in 2015 (or any year)? If so, you are required to file a Report…

Shamsey Oloko May 3, 2016 Damages, Deductions, Income, Punitive Damages, Representation, Taxable Income 0

Hulk Hogan Wins $140 Million. Windfall For The IRS (And Lawyers) Too.

A Florida jury awarded Terry Bollea, much better known as Hulk Hogan, $115 million in a lawsuit against Gawker Media for publishing footage of him participating in sexual activity four years ago. Jurors found that the defendant acted with reckless…

Shamsey Oloko May 2, 2016 Audit, Civil Liabilities, Civil Penalties, Criminal Liabilities, Employment Taxes, Representation, Trust Fund Recovery Penalty 0

Fail to Turn Over Payroll Taxes To The IRS? You Could Be Looking At Jail Time

An employer is required to withhold federal income and payroll taxes from its employees’ wages for payment to the IRS. Payroll taxes such as federal income taxes and FICA (Federal Insurance Contributions Act) taxes, both withheld by an employer, are…