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South Korean National and Hundreds of Others Charged Worldwide in the Takedown of the Largest Darknet Child Pornography Website, Which was Funded by Bitcoin

Posted by: Zaher Fallahi

Source: IRS- Criminal Investigation (“IRS-CI”) (Emphases added by Zaher Fallahi) October 16, 2019 South Korean National and Hundreds of Others Charged Worldwide in the Takedown of the Largest Darknet Child Pornography Website, Which was Funded by Bitcoin Dozens of Minor Victims Who Were Being Actively Abused by the Users of the Site Rescued Jong Woo […]

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IRS does not send unsolicited emails

Posted by: Zaher Fallahi

Security Summit warns of new IRS impersonation email scam; reminds taxpayers the IRS does not send unsolicited emails Source: Issue Number:    IR-2019-145 WASHINGTON — The Internal Revenue Service and its Security Summit partners today warned taxpayers and tax professionals about a new IRS impersonation scam campaign spreading nationally on email. Remember: the IRS does not send […]

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Individuals with significant tax debt should act promptly to avoid revocation of passports

Posted by: Zaher Fallahi

Source: IRS Number  IR-2019-141 The Internal Revenue Service today urged taxpayers to resolve their significant tax debts to avoid putting their passports in jeopardy. They should contact the IRS now to avoid delays in their travel plans later. Under the Fixing America’s Surface Transportation (FAST) Act, the IRS notifies the State Department (State) of taxpayers certified […]

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Txpayer Bill of Rights

Posted by: Zaher Fallahi

Taxpayer Bill of  Rights Source: IRS Issue Number:    IR-2019-44 Each and every taxpayer has a set of fundamental rights they should be aware of when dealing with the IRS. Explore your rights and our obligations to protect them. 1-The Right to Be Informed Taxpayers have the right to know what they need to do to comply […]

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IRS has begun sending letters to virtual currency (cryptocurrency) owners

Posted by: Zaher Fallahi

Source: IRS, IR-2019-132, July 26, 2019 IRS has begun sending letters to virtual currency (cryptocurrency) owners advising them to pay back taxes, file amended returns; part of agency’s larger efforts WASHINGTON — The Internal Revenue Service (IRS) has begun sending letters to taxpayers with virtual currency transactions that potentially failed to report income and pay the […]

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Taxpayer Bill of Rights

Posted by: Zaher Fallahi

Taxpayer Bill of  Rights Source: IRS Issue Number:    IR-2019-44 Each and every taxpayer has a set of fundamental rights they should be aware of when dealing with the IRS. Explore your rights and our obligations to protect them. 1-The Right to Be Informed Taxpayers have the right to know what they need to do to comply […]

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Orange County CPA needs part-time bookkeeper

Posted by: Zaher Fallahi

Costa Mesa small CPA firm needs a part-time bookkeeper. CPA firm experience and working knowledge of QuickBooks is a must. Resume and compensation history and requirement to    zfallahi@zfcpa.com

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New FinCEN Guidance Affirms Its Longstanding Regulatory Framework for Virtual Currencies and a New FinCEN Advisory Warns of Threats Posed by Virtual Currency Misuse

Posted by: Zaher Fallahi

Source: FinCEN Public Affairs, 703-905-3770 Immediate Release May 09, 2019 WASHINGTON—To provide regulatory certainty for businesses and individuals engaged in expanding fields of financial activity, the Financial Crimes Enforcement Network (FinCEN) today issued the following guidance, Application of FinCEN’s Regulations to Certain Business Models Involving Convertible Virtual Currencies (CVC). The guidance is in response to questions […]

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IRS Reminds of April 15 FATCA and FBAR Filing

Posted by: Zaher Fallahi

IRS reminds those with foreign assets of annual April 15 FBAR deadline  Source: Issue Number:    IR-2019-63   Inside This Issue WASHINGTON — The Internal Revenue Service today reminded U.S. citizens and resident aliens, including those with dual citizenship, that if they have a foreign bank or financial account, April 15, 2019, is the deadline to file their […]

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Not reporting offshore accounts is a crime

Posted by: Zaher Fallahi

IRS: Failure to report offshore funds remains a crime; IRS includes topic on its 2019 ‘Dirty Dozen’ scams list   WASHINGTON — Hiding money or assets in unreported offshore accounts remains on the Internal Revenue Service’s “Dirty Dozen” list of tax scams for 2019, the agency said today. Compiled annually, the “Dirty Dozen” lists a […]

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