In In re Grand Jury Investigation M.H. v. United States, 648 F.3d 1067 (9thCir.2011), the Ninth Circuit held that foreign bank account records required to be kept under the Bank Secrecy Act (“BSA”) fall within the Required Records Doctrine, thus rendering the Fifth Amendment privilege against self-incrimination inapplicable to a subpoena for these records. M.H. […]
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Convicer Percy has contributed 33 entries to our website, so far.
Connecticut employers found by Department of Revenue Services (DRS) auditors to have misclassified their workers can face large tax assessments along with penalties and interest. In most cases these assessments are substantial. However, before this happens, DRS is encouraging employers to apply to the state’s Voluntary Disclosure Program. DRS Commissioner Kevin B. Sullivan said Voluntary Disclosure […]
The Internal Revenue Service announced today that it is issuing proposed regulations that would require paid tax return preparers, beginning in 2012, to file a due diligence checklist, Form 8867, with any federal return claiming the Earned Income Tax Credit (EITC). It is the same form that is currently required to be completed and retained […]
Following a thorough internal investigation, Connecticut Department of Revenue Services (DRS) Tax Enforcement Agents arrested an employee on charges that confidential taxpayer information was viewed without authorization. DRS employee Adrian Nelson, 33, of Windsor was arrested at DRS headquarters on one count each of Unauthorized Inspection of Tax Return Information and Computer Crime in the […]
The Internal Revenue Service announced that it will extend help to more innocent spouses by eliminating the two-year time limit that now applies to certain relief requests. “In recent months, it became clear to me that we need to make significant changes involving innocent spouse relief,” said IRS Commissioner Doug Shulman. “This change is a […]
The Internal Revenue Service today launched a new program that will enable many employers to resolve past worker classification issues and achieve certainty under the tax law at a low cost by voluntarily reclassifying their workers. This new program will allow employers the opportunity to get into compliance by making a minimal payment covering past […]
WASHINGTON — The Internal Revenue Service continues to make strong progress in combating international tax evasion, with new details announced today showing the recently completed offshore program pushed the total number of voluntary disclosures up to 30,000 since 2009. In all, 12,000 new applications came in from the 2011 offshore program that closed last week. […]
The Connecticut Department of Revenue Services released Information Publication 2011(16) which states that a purchaser who fails to withhold a sufficient amount of the purchase price as required, is liable, to the extent of the purchase price, valued in money, for the seller’s sales and use taxes, admissions and dues tax or income tax withholding liability. […]
The IRS has extended the deadline for offshore voluntary disclosure initiative (“OVDI”) requests until Sept. 9, 2011, because of the potential impact of Hurricane Irene on taxpayers. The IRS had previously given taxpayers until Aug. 31 to present their requests to the IRS. The 2011 OVDI was announced on Feb. 8, 2011, and follows the […]
Attorneys Richard Convicer has been invited to speak at the prestigious New England Tax Institute in Hartford, Connecticut on September 23rd. Attorney Convicer will be discussing federal Criminal Tax Investigations.