Fox Business Interview: OVDI, FBARs, And The Economic Benefits Of A Repatriation Holiday

By Jonathan Prokup Fox Business invited me to appear yesterday on “After The Bell” with Liz Claman and David Asman to discuss (i) the IRS reopening the disclosure initiative for offshore bank accounts and (ii) the ongoing debate about whether Congress should implement a corporate repatriation holiday.  A link to the video is below the … Continue reading Fox Business Interview: OVDI, FBARs, And The Economic Benefits Of A Repatriation Holiday

Mind the Gap: TRAC Audits the Auditors

By Jonathan Prokup The New York Times and Forbes Magazine are reporting on a study by the Transactional Records Access Clearinghouse, a research group affiliated with Syracuse University, which claims to show that the number of audits of corporations reporting assets of $250 million or more has dropped between 2005 and 2009, while audits of … Continue reading Mind the Gap: TRAC Audits the Auditors

Reps. Waxman and Stupak: Beware IRC Sec. 6103?

By Jonathan Prokup President Obama's health-care legislation is becoming more of a tax issue on a daily basis.  In addition to the codification of economic substance (discussed here; see also yesterday's TNT story featuring our own Phil Karter) contained in the reconciliation bill, the consequences of the legislation seem to be increasingly a matter of … Continue reading Reps. Waxman and Stupak: Beware IRC Sec. 6103?