By Coleman Jackson, Esq, CPA April 27, 2015 What is Tax Fraud? Tax fraud has been defined as an intentional wrongdoing designed to evade tax believed to be owing. Miller v Commissioner, 94 T.C. 316, 332(1990). A tax fraud case depends upon facts and circumstances. Facts are stubborn things…. Quote from John Adams (1770). The…
By: Coleman Jackson, Attorney, CPA April 01, 2015 “Resident aliens” are individuals who are permanent residents of the United States pursuant to 26 U.S.C.S. §7701(b)(1). They must pay U.S. income taxes on their income earned in the United States. That means that they have to include, such earnings, as wages and compensation for services in…
By Coleman Jackson, Attorney, CPA February 25, 2015 U.S. Citizenship and Immigration Services (USCIS) announced that the Department of Homeland Security (DHS) is extending eligibility for employment authorization to certain H-4 dependent spouses of H-1B nonimmigrants who are seeking employment-based lawful permanent resident (LPR) status, effective May 26, 2015. DHS amended the regulations to allow these H-4…
By Coleman Jackson, Attorney, CPA January 28, 2015 If all the items of money or property constituting the corpus of a foreign trust are transferred to the trust by a U.S. person, the entire foreign trust is a foreign trust created by a U.S. person. Where there are transfers of money or property by both…
By Coleman Jackson, Attorney, CPA Jan 23, 2015 A nonresident alien individual who at anytime during the tax year is engaged in business or trade within the United States of America is subject to a 30% flat tax on aggregate income or gains depicted in U.S. Treasury Regulation 1.871(a) (1), and paragraph (b) or…
By Coleman Jackson, Attorney, CPA December 16, 2014 IRS Accuracy Related Penalties: The Internal Revenue Code provides for imposition of an accuracy-related penalty of twenty percent (20%) on underpayment of tax. The taxpayer could be subjected to the accuracy-related penalty for negligently understating their income or over stating their expenses, or for any other substantial…
Tax Blog by: Coleman Jackson, Attorney, Certified Public Accountant November 26, 2014 Fifth Amendment to the United States Constitution: No person shall be held to answer for a capital, or otherwise infamous crime, unless on a presentment or indictment of a grand jury, except in cases arising in the land or naval forces or in…
By: Coleman Jackson, Esq. Nov 13, 2014 What is Form W-8BEN? The Form W-8BEN (Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding) is a legitimate U.S. tax exemption document. You can only submit Form W-8BEN directly to your withholding agent. How IRS Form W-8BEN Scammers target taxpayers? Scammers usually target taxpayers who either did…
By: Coleman Jackson, Esq. Coleman Jackson, PC | 6060 North Central Expressway, Suite 443 | Dallas, Texas 75206 | www.cjacksonlaw.com | 214-599-0431 June 30, 2014 Noncitizens of the U.S.A. who commit certain federal tax crimes are subject to deportation as aliens who have been convicted of an aggravated felony. The U.S. Supreme Court held in…
June 16 2014 By: Coleman Jackson, Esq. IRS Power to Place Liens & Levies In the event a taxpayer fails to pay any federal income, gift, or estate tax liability after notice and demand, Internal Revenue Code (IRC) Section 6331(a) authorizes the Internal Revenue Service (IRS) to collect the tax by levy on the taxpayer’s…
By: Coleman Jackson, Esq. Coleman Jackson, PC | 6060 North Central Expressway, Suite 443 | Dallas, Texas 75206 | www.cjacksonlaw.com | 214-599-0431 June 12, 2014 Yes, resident aliens are subject to U.S. federal taxes on their worldwide income. See 26 U.S.C. §7701(b) and 26 U.S.C. §61. Who is a resident alien? For federal tax purposes,…
By: Coleman Jackson, Esq. May 22, 2014 The IRS’ authority to summons records from taxpayers and third parties is codified in 26 U.S.C. 7602, which permits the IRS to summon any record that may be relevant or material to a legitimate tax inquiry. The IRS may summon information for the legitimate purpose of ascertaining the…
Whether you’re a small or medium-sized business owner seeking tax or business representation, or an individual seeking immigration assistance, we are ready to provide vigorous and compassionate legal support. Reach out to Coleman Jackson, P.C. today to discuss how we can help you.