The IRS published the latest in its missives assailing the infernal international tax gap, this one about reporting gifts received from foreign sources. Translation: file that Form 3520 (PDF). Minimums? Receiving $100,000 or more from an individual, or $13,528 or more via an entity (like a corporation or partnership). Instructions to Form 3520 (PDF). There [...]

Today’s Tax Notes Today has a report from the UCLA Tax Controversy Institute on October 28, 2008. For those of you spending way too much money on Lexis, the cite is 2008 TNT 211-7. The article states: In keeping with IRS Commissioner Douglas Shulman’s focus on international tax administration, fraud technical agents are for the [...]

International tax planning can get fearsomely complex. You have at least two (usually more) countries interested in extracting some tax revenue from you, and their laws are usually only barely consistent. It’s a bit like three dimensional chess, except that the rules change from time to time. (And no one in our law firm is [...]

A few more benighted souls are getting bonked on the head by the Tax Division of the Department of Justice. Tax protesters again. Sigh. We all know what the movie “Repo Man” said about ordinary people. Here’s the latest international-flavored crocks being pimped by the Tax Protester Industry.