IRS Announces Updated Disclosure Procedures

On November 29, 2018, the Internal Revenue Service (IRS) unveiled its updated Voluntary Disclosure Program, following the conclusion of the Offshore Voluntary Disclosure Program (OVDP) on September 28, 2018.  The new procedures are effective for all...

IRS Is Denying Passports for Seriously Delinquent Tax Debtors

Taxpayers preparing to travel internationally may soon have to change their plans if they are behind on their taxes.  Earlier this week, the IRS “strongly encouraged” individuals with “seriously delinquent tax debts” to pay what they owe or enter int...

Qualifying for Innocent Spouse Relief While Going Through Divorce

Divorce often causes a significant financial burden, in addition to serious tax implications. Divorce proceedings often lead to spouses becoming aware for the first time of their joint tax issues with an ex-spouse. At Rosefelt & Associates, our p...