Dropdown button for navigation mobile view

Blog

United States withdraws from the Joint Comprehensive Plan of Action (JCPOA) also known as the “Iran Nuclear Deal”.

Posted by: Zaher Fallahi

May 8, 2018, re-imposition of the US sanctions against Iran On May 8, 2018, the President announced his decision to cease the United States’ participation in the Joint Comprehensive Plan of Action (JCPOA), or (BARJAM) in Farsi, and to begin re-imposing the U.S. nuclear-related sanctions that were lifted to effectuate the JCPOA sanctions relief, following […]

Read Full Post

IRS issued Guidance on revocation or denial of passports

Posted by: Zaher Fallahi

IRS issued Guidance on revocation or denial of passports to taxpayers with serious delinquent tax debt. In a new Notice, IRS has provided guidance for implementing the new law, which requires the IRS to notify the State Department of taxpayers certified to have “seriously delinquent tax debt (SDTD).” Upon receipt of such notification, the State Department […]

Read Full Post

Zaher Fallahi, OFAC Attorney and Tax Attorney, CPA, on 670 AM Radio

Posted by: Zaher Fallahi

Zaher Fallahi, OFAC Attorney and Tax Attorney, CPA, will be on 670 AM, a Los Angeles Radio Station, on Tuesday, August 29, 2017, at 2:00 PM to discuss the legal and tax implication of transferring money from Iran under the Iranian OFAC Regulations, including Offshore Accounts (FBAR, FATCA and OVDP), and answer the callers’ OFAC, […]

Read Full Post

IRS; Protect Taxpayers from Identity Theft

Posted by: Zaher Fallahi

IRS; Protect Taxpayers from Identity Theft Identity theft happens when someone steals someone else’s personal information for financial gain. Tax-related identity theft happens when someone uses another person’s stolen Social Security number (SSN) or Employer Identification Number (EIN) to file a tax return to obtain a fraudulent refund.   Many people first find out they […]

Read Full Post

How Does the IRS Contact Taxpayers?

Posted by: Zaher Fallahi

How Does the IRS Contact Taxpayers? When the IRS needs to contact a taxpayer, the first contact is normally by letter delivered by the U.S. Postal Service. The IRS doesn’t normally initiate contact with taxpayers by email, text messages or social media channels. Depending on the situation, IRS employees may first call or visit with […]

Read Full Post

IRS; Computer Security, “Don’t Take the Bait”

Posted by: Zaher Fallahi

IRS, IR-2017-117, July 6, 2017 Security Summit Launches Education Campaign Aimed at Tax Pros; Warns Against Phishing Epidemic with “Don’t Take the Bait” series WASHINGTON — The IRS today warned tax professionals to increase their computer security and to beware of their inbox – specifically the successful email scams dubbed spear phishing that identify themselves […]

Read Full Post

IRS Warns Seniors of Phone Scammers

Posted by: Zaher Fallahi

WASHINGTON The IRS reminds seniors to remain alert to aggressive and threatening phone calls by criminals impersonating IRS agents. The callers claim to be IRS employees, but are not.   These con artists can sound convincing when they call. They use fake names and bogus IRS identification badge numbers. They may know a lot about […]

Read Full Post

Understanding Iranian OFAC license-II

Posted by: Zaher Fallahi

Understanding Iranian OFAC license-II   What is an OFAC license? A license is an OFAC authorization to engage in an otherwise prohibited transaction under the law. There are two types of licenses: (I) general license and (II) specific license.   I- OFAC General License An OFAC general license authorizes particular types of transactions for a class of […]

Read Full Post

Understanding the Iranian OFAC Regulations-I

Posted by: Zaher Fallahi

Legal and tax implication of bringing money from Iran   What do the Iranian OFAC Regulations Prohibit The Iranian Transactions & Sanctions Regulations, Title 31 C.F.R. Part 560 (the “ITSR”), of Office of Foreign Office Assets Control (OFAC) Regulations, generally prohibit the exportation, re-exportation, sale, or supply of any goods, technology, or services directly or indirectly, from […]

Read Full Post

Taxpayers who may lose their passports

Posted by: Zaher Fallahi
IRS-logo

Revocation or Denial of Passport in Case of Certain Unpaid Taxes   According to the Internal Revenue Service (IRS):   If you are seriously delinquent in your tax debt, IRC § 7345 authorizes the IRS to certify that to the State Department, which in turn usually will not issue or renew your passport after receiving […]

Read Full Post