Only a few years ago, it seemed like a dream: place—or receive calls—from anywhere you have an Internet connection, for only a few dollars a month—or for free. With a technology called “voice over Internet Protocol,” or VoIP, you now can. [...]
Why isn’t the economy booming? [...]
In my last blog entry I described how a virtually unknown Treasury agency, the Financial Crimes Enforcement Network, has issued proposed regulations that would change the offshore investment reporting requirements for U.S. taxpayers. The rules are slated to become effective well before the June 30, 2010 filing deadline for Treasury Form TD F 90-22.1, the “foreign bank account reporting” form, or FBAR. That means they would apply retroactively to 2009. [...]
A scandal-scorched Gov. Paterson dove back into state business Friday – by ceremonially opening a chain restaurant. [...]
Last week, the U.S. Treasury finally clarified exactly what it expects U.S. taxpayers to disclose about their offshore holdings. And—no surprise here—they want to know lots more about what you own offshore. Beginning last year , in 2009. And, if you fail to comply, you could face a $10,000 fine and even prison. [...]
Use these business metrics to ensure smart [...]
The state of Massachusetts is serious about collecting corporate income taxes. [...]
It’s great to know that our elected representatives are vigilantly guarding civil liberties. Only, they’re much more concerned about surveillance in other countries, not here in the USA. Case in point: China. Over the last few weeks, congressional civil libertarians have revived legislation that, if enacted, would forbid U.S. companies from selling electronic surveillance equipment to governments that spy on their [...]
Want to stimulate the private sector at little cost? Get the IRS off small business folks’ [...]
The U.S. Department of State (DOS) estimates that more than six million U.S. citizens live outside the United States. But no one knows for certain—and it's likely the numbers are higher than the DOS [...]
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