What Does FATCA Exempt Me From Reporting?

A federal law called the Foreign Assets Tax Compliance Act (FATCA) requires U.S. taxpayers to annually report the financial assets they hold in foreign accounts. The law covers assets in foreign financial institutions (FFIs) and specific other interests, but there...
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What Are FFIs and What Role Do They Have in Reporting Your Accounts to the IRS?

If you hold financial assets offshore, they are not hidden. Banks and other financial institutions may have an obligation to report the holdings of U.S. citizens to the IRS. If you face IRS enforcement action due to a failure to...
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What You Need to Know About the Trust Fund Recovery Penalty

Employers are responsible for withholding employment taxes from their workers’ paychecks, and remitting them to the IRS at the proper time. When this fails to occur, the business or the individual responsible for remittance could be hit with a trust...
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The Benefits of Working With a Former Revenue Officer

At Pontius Tax Law, we have former IRS Revenue Officers (RO) on our staff who are very familiar with exactly what an RO can and should do, and what they cannot or should not do. We can identify when an...
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Interacting With an IRS Revenue Officer

If you are delinquent on paying your taxes or filing your returns, you may find an IRS Revenue Officer has contacted you. While you must take their investigation seriously, you should not be intimidated. These officers want to help you...
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What Is an IRS Revenue Officer?

An IRS Revenue Officer is the “front line” employee who meets directly with taxpayers, often at their home or business, for collection purposes. They work on cases involving both individuals and businesses, usually concerning unfiled tax returns or unpaid balances....
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