Tag Archives: tax penalties

News Flash – IRS Amnesty on Offshore Accounts

Second Special Voluntary Disclosure Initiative Opens; Those Hiding Assets Offshore Face Aug. 31 deadline  Courtesy of IRS [TaxMama note: We have been anxiously awaiting this announcement. IRS had mentioned that this was coming. This will be a huge help to people who never meant to conceal their ‘offshore’ accounts. They just didn’t realize they needed […]

Estimated Tax Payments

Today TaxMama wants to talk to you about estimated tax payments. I’ve been getting several questions about that topic from a variety of sources lately.  So let’s make it easy for you. OK?