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Federal Tax Implications of Marriage in a Community Property State

By:  Coleman Jackson, Attorney, CPA January 10, 2017 There are federal tax implications of marriage in a community property state.  Federal tax law depends upon the marital status of the parties under state law.  Marriage, its existence and dissolution are fully within the jurisdiction of the states of the United States.  There are nine community…

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Asylum, Domestic Violence Victims and Credibility Hearings

By:  Coleman Jackson, Attorney December 15, 2016 Any foreign person who is physically present in the United States of America or who arrives here or is brought here regardless of their legal status may apply for asylum complying with the requirements set forth in 8 U.S.C.A.  §1158, Immigration and Nationality Act §208. The foreign person…

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Check Your ITIN because it could be Expired or Expiring Soon

By: Coleman Jackson, Attorney, CPA November 21, 2016 Individual Taxpayer Identification Number, otherwise known as (ITIN) allows taxpayers to meet their tax filing obligations who cannot obtain a Social Security Number.  An ITIN is typically used by nonresident foreigners , undocumented resident foreigners, dependents and spouses of U.S. Citizens and resident foreigners who cannot get…

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Third Parties Reporting Very Likely to Expose Non-Compliant Offshore Account Holders to IRS

By:  Coleman Jackson, Attorney, CPA November 15, 2016 For approximately two years now, banks and other financial institutions, otherwise known as “Third Parties” located in foreign countries have been reporting account holders’ information, either directly to the Internal Revenue Service or indirectly through local governmental agencies pursuant to U.S. Treasury Department Intergovernmental agreements.  The logical…

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U.S. Immigration Petition Prices Set to Increase this December

October 27, 2016 By:  Coleman Jackson, Attorney Have everybody heard?  It is official.  United States Citizenship and Immigration Services (USCIS) fees are set to increase effective December 23, 2016.  Applications and immigration petitions postmarked or filed on or after December 23, 2016, must include the new fees or be rejected by USCIS.  Some examples of…

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Foreigners and Persons Purchasing and Selling United States Real Property Interests to and from Foreigners Must Consider U.S. Tax Consequences

By:  Coleman Jackson, Attorney, CPA October 05, 2016 Here are realities effecting buying and selling United States Real Property Interests to or from Foreigners:  Foreigners are subject to United States tax laws under certain circumstances.  Resident and nonresident aliens (foreigners) are taxed differently under U.S. tax laws. Resident aliens (Green Card Holders and foreigners meeting…

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Consequences to Employers Who Hire Undocumented Workers

September 16, 2016 By:  Coleman Jackson, Attorney Immigration law imposes certain hiring requirements on employers under the Immigration and Nationality Act (INA) section 274A.  The law requires every employer to maintain up-to-date Form I-9 demonstrating that they are in compliance with their responsibility to ensure that workers hired or recruited are authorized to lawfully work…

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Foreign Bank Accounts and Offshore Voluntary Disclosure Compliance

By: Coleman Jackson, Attorney-CPA July 14, 2016 According to a publicly released audit report dated June 02, 2016 by the Treasury Inspector General for Tax Administration (TIGTA), the Internal Revenue Service (IRS) needs to improve its efforts to address the noncompliance of taxpayers who are denied access to or withdraw from the IRS’ Offshore Voluntary…

How to Stop a Civil Tax Audit from Becoming a Criminal Prosecution

By:  Coleman Jackson, Attorney, CPA June 30, 2016 When the taxing authorities visits your home or business establishment, make sure you first get their business card(s) to determine who they are.  For example, federal tax investigations are handled by the IRS’s Criminal Investigation Division (CID).  If a Special Agent from CID visits you think the…

Are You a Tax Turtle?

By:  Coleman Jackson, Attorney, CPA June 14, 2016 Are you a tax turtle?  What exactly is a tax turtle? Typically when we think of the term “home”, we are thinking about where a person resides.  Home is where a person personally lives; but in U.S. tax law, this is not what the term “home” means. …

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What Immigrants and Other Texans Need to Know About Constructive Trusts

By:  Coleman Jackson, Attorney & Counselor At Law April 20, 2016 For immigrants as well as other Texans, basic equity and justice is critical for future financial security and overall wellbeing.  Immigrants can be especially susceptible to fraud, misrepresentation, and actors who take advantage of their lack of language skills, lack of cultural and business…