Taxes
IRS Commissioner Predicts Miserable 2015 Tax Filing Season
Internal Revenue Service Commissioner John Koskinen warned that close to half the people trying to reach the IRS by phone might not get through during the upcoming 2015 tax filing season. “Phone service could plummet to 53%,” he told an audience of tax practitioners at the AICPA National Tax Conference in Washington, D.C.
IRS seizes hundreds of perfectly legal bank accounts, refuses to give money back
The Internal Revenue Service has been seizing bank accounts belonging to small businesses and individuals who regularly made deposits of less than $10,000, but broke no laws. And the government is refusing to return all the money taken. The practice ‒ called civil asset forfeiture ‒ allows IRS agents to seize property they suspect of being tied to a crime, even if no charges are filed, and their agency is allowed to keep a share of whatever is forfeited, the New York Times reported.
U.S. Hikes Fee To Renounce Citizenship By 422 Percent!
Over the last two years, the U.S. has had a spike in expatriations.
