Entries by Manager

High Income Non-Filer IRS Compliance Campaign Update: Notice CP-59 With International Tax Compliance Focus

On February 29, 2024, the IRS announced a major update to one of its compliance campaigns that focuses on high income non-filer taxpayers.  Let’s discuss this major update to the High Income Non-filer IRS Campaign in more detail. High Income Non-Filer IRS Campaign: Background Information As part of its extensive tax enforcement planning in the […]

Garland FBAR Attorney | International Tax Lawyer Texas

If you reside in Garland, Texas and have unreported foreign bank and financial accounts, you may be looking for a Garland FBAR Attorney.  Sherayzen Law Office, Ltd. is a leader in FBAR compliance, including offshore voluntary disclosures concerning delinquent FBARs, consider us in your search. Let’s understand why this is the case. Garland FBAR Attorney: International Tax Lawyer First of […]

Second Quarter 2024 IRS Interest Rates on Overpayment & Underpayment of Tax

On February 21, 2024, the IRS announced that the Second Quarter 2024 IRS interest rates on overpayment and underpayment of tax will remain the same as in the First Quarter of 2024. This means that, the Second Quarter 2024 IRS interest rates will be as follows: Internal Revenue Code (“IRC”) §6621 establishes the IRS interest rates on overpayments and underpayments of tax. Under §6621(a)(1), the overpayment […]