IRS Program on Dissolution of Businesses and Marriages
On September 13th, Robert E. McKenzie participated in an IRS panel on the dissolution of business partnerships and marriages. Topics discussed: Introduction Hazards to preparer similar in business...
View ArticleSwiss Bank Secrecy Succumbs To U.S. Tax Enforcers
106 Swiss banks have signed agreements to provide information about U.S. account holders. “The current Offshore Shore Disclosure Program (OVDP) began in January 2012 continues until it is terminated by...
View ArticleQuoted By Random House on Offshore Bank Secrecy
Hazlitt – The End of Banking Secrecy The post Quoted By Random House on Offshore Bank Secrecy appeared first on Robert E. McKenzie, Tax Attorney.
View ArticleQuoted in Forbes on Jail Terms for Offshore Accounts
“Chicago tax lawyer Robert E. McKenzie worries those with still secret offshore accounts may be less likely to disclose because they figure that if they’re found out and prosecuted, they’ll avoid jail...
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7 Million Taxpayers Fail To File Their Income Taxes
This article by Robert E. McKenzie was originally published in Forbes. About 7 million U. S. Taxpayers fail to file required income tax returns each year, while 146 million Americans dutifully file...
View ArticleListen: Avoiding Penalties Through Voluntary Disclosure
The IRS has several programs in place, including the Offshore Voluntary Disclosure Program. Even those who intentionally hid their money overseas are allowed to confess to the IRS and correct their...
View ArticleListen: Foreign Account Tax Reporting Act (FATCA)
Tax season is upon us, and Arnstein & Lehr’s Chicago partner Robert McKenzie helps shed some light on new rules for offshore foreign account filing. The Foreign Account Tax Compliance Act’s (FATCA)...
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An Underfunded IRS Benefits the Non-Compliant
This article, authored by Robert E. McKenzie, was originally published in CPA Magazine. As the political season enters a fever pitch, some misguided candidates are calling for the abolishment of the...
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IRS Relaxes Offer In Compromise Rules
This article by Robert E. McKenzie was was originally published in Forbes. Since 2012 the IRS has been much more willing to compromise with taxpayers with overwhelming tax debt than in the prior...
View ArticleRobert E. McKenzie Awarded the Jules Ritholz Award
On Friday, May 12, Arnstein & Lehr LLP partner Robert E. McKenzie was awarded the Jules Ritholz Award by the American Bar Association Civil and Criminal Tax Penalties Committee. The award...
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