Commentary By Stanley Foodman

August 22, 2017 | Daily Business Review

An IRS agent may criminally or civilly investigate a taxpayer for under-reporting income, overstating deductions or not reporting certain income. According to the Internal Revenue Manual (IRM), the IRS uses the methods of proof outlined in part nine of the IRM to evaluate the situation and proceed in a civil or criminal tax investigation case, writes Stanley Foodman.

By Commentary by Stanley Foodman

4 minute read

April 25, 2017 | Daily Business Review

The Foreign Account Tax Compliance Act (FATCA) was established to fight tax evasion by U.S. individuals and entities via the use of foreign accounts. FATCA has a long reach and a substantial sign-up sheet. However, the United States is not the only jurisdiction looking for tax evaders. Tax evasion is a global problem, writes Stanley Foodman.

By Commentary by Stanley Foodman

8 minute read

January 11, 2017 | Daily Business Review

The IRS doesn't want rich people to feel left out. The agency has a special Wealth Squad to deal with all the sticky tax issues of the 1 percent, writes accountant Stanley Foodman.

By Commentary by Stanley Foodman

9 minute read

September 15, 2016 | Daily Business Review

The presidential election has prompted some people to ask, "Should I stay, or should I go?" Tax expert Stanley Foodman looks at the U.S. tax consequences.

By Commentary by Stanley Foodman

8 minute read

June 30, 2016 | Daily Business Review

The United States stands as a holdout on international financing reporting rules, which gives it a reputation as the safest and most efficient tax haven in the world, writes accountant Stanley Foodman.

By Commentary by Stanley Foodman

7 minute read

April 19, 2016 | Daily Business Review

With Panama Papers disclosures taking on a life of their own, accountant Stanley Foodman recommends tax compliance, even belated, for U.S. taxpayers.

By Commentary by Stanley Foodman

6 minute read

January 28, 2016 | Daily Business Review

Stanley Foodman notes the Treasury Department's order on reporting cash real estate deals in Miami-Dade County is narrower than some people think.

By Commentary by Stanley Foodman

2 minute read