ACA Letter to IRS Commissioner Concerning Private-Sector Debt Collection

On behalf of Frost Law posted in on April 23, 2020.

On May 5th Glen E. Frost wrote a letter, on behalf of the American Citizens Abroad, to IRS Commissioner John Koskinen in regards to private collection firms based in the United States collecting debts of U.S. taxpayers with foreign addresses. The ACA stands behind the belief that U.S. citizens living overseas should not be subject […]

Tags: IRS, Articles


Can the Streamlined Program or OVDP help Me?

On behalf of Frost Law posted in on April 23, 2020.

People with unreported foreign assets on tax returns may benefit from the Offshore Voluntary Disclosure Program or the Streamlined process. U.S. persons who own property or other assets in countries outside the United States may do so in part for potential tax advantages. However, taxpayers may still need to report foreign assets on domestic income […]

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New Credit Reporting Agency Standards

On behalf of Frost Law posted in on April 23, 2020.

By Matthew Tran Effective on July 1st, 2017, the three major credit reporting agencies, TransUnion, Equifax, and Experian, introduced new standards that will require tax liens and civil debts to include more personal information; otherwise, the tax liens and civil debts will be excluded from a person’s credit report. The changes will require tax liens […]

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The Ups and Downs of the Program for Voluntarily Reclassifying Your Workers

On behalf of Frost Law posted in on April 23, 2020.

Mary Lundstedt, Esq. Whether a worker is properly classified as an employee or as an independent contractor depends upon the facts and circumstances. Generally, the determination is made under common law tests considering the right to control and direct the individual performing services. However, in some factual situations, the determination of the proper worker classification […]

Tags: Articles, IRS, Tax Topics


Costa Rica Expats May Soon Experience the Benefits of Residency-Based Taxation

On behalf of Frost Law posted in on April 23, 2020.

Glen E. Frost, Esq., CPA, CFP®; Associate Tax Counsel, American Citizens Abroad For many years, the persistent call for change in the taxation of American corporations and individuals abroad has gone unanswered. However, the current administration’s actions, suggest the very real possibility of new tax rules, sooner rather than later. Indeed, assuming no major legislative […]

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Comparison of the House and Senates Tax Cuts and Jobs Act

On behalf of Frost Law posted in on April 23, 2020.

The below comparison outlines the “Tax Cuts and Jobs Act” passed by the House of Representatives on November 16 and the Senate on December 2. Since the two plans differ, they will now be sent to a conference committee where negotiators from both chambers will create a unified bill. After, both parties must approve the […]

Tags: Articles, Tax Topics


Launching a Business? It’s Time to Meet With a Tax Attorney

On behalf of Frost Law posted in on April 23, 2020.

A tax attorney is uniquely skilled to help individuals with various tax matters, such as resolving tax controversies with the IRS and creating tax plans to minimize liability; however, a tax attorney can also help you launch your business. Here’s how. Starting your own company is an incredible experience. Maybe you’ve been dreaming of launching […]

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Maryland Emergency Regulations and Tax Alert in Wake of Wayfair

On behalf of Frost Law posted in on April 23, 2020.

Mary Lundsted, Esq., Associate Rebecca Sheppard, Esq., Associate On August 29, 2018, in response to South Dakota v. Wayfair,the Maryland General Assembly’s Joint Committee on Administrative, Executive, and Legislative Review (AELR) approved the Comptroller of Maryland’s emergency regulations imposing economic nexus standards to require remote vendors lacking Maryland physical presence to collect Maryland sales tax […]

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QBI Guidance Issued; Safe Harbor Provided for Real Estate Enterprises

On behalf of Frost Law posted in on April 23, 2020.

Eli S. Noff, Esq. CPA, PartnerMary Lundstedt, Esq., Associate As we detailed in Section 199A: New 20% Pass-Through Deduction1, the Tax Cuts and Jobs Act of 2017 created new Internal Revenue Code §199A-providing a significant tax break to flow-through entities and structures. Subject to certain limitations, many eligible taxpayers (excluding C corporations) may deduct up […]

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Form 4340 is Sufficient Corroborating Evidence Proving Issuance of Notice of Deficiency

On behalf of Frost Law posted in on April 23, 2020.

Eli S. Noff, Esq. CPA, PartnerMary Lundstedt, Esq., Associate On January 28, 2018, the court in U.S. v. Meyer,1considered a challenge to the proper mailing of Notices of Deficiency for two tax years and found Form 4340 sufficient as corroborating evidence for both years. Background A deficiency assessment results from the Internal Revenue Service’s (IRS) […]

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