5 Ways to handle tax liens

A tax lien is a legal claim that the government makes against the property of an individual or a business when they neglect to pay their owed property taxes. When a tax lien is issued on a property, it is impossible to sell or refinance it until the lien is removed...

Tax considerations for foreign bank accounts

There are a number of reasons you might consider opening a foreign bank account. Common ones include ease of access to foreign currencies, plans to travel or live overseas, international investment opportunities, a need to protect assets or geographic diversification...

Key things to know about tax liens

  For many small businesses, debt is an inevitable part of operations. Not many people have the capital to make purchases in cash or pay their bills simultaneously. However, accumulated debt and unpaid taxes can have a devastating outcome for a business of any size....

Voluntary disclosure of offshore accounts

  You can inherit an offshore account from a relative, or you may have a business interest outside of the U.S. Perhaps you are hedging investments as part of a diversification strategy. Owning an offshore bank account is not a crime as long as the holders abide by...