FACTS MATTER! TAXPAYERS CAN WIN WILLFUL FAILURE TO FILE FBAR CASES IN COURT! By Coleman Jackson, Attorney, CPA March 16, 2023 Under United States law an annual reporting and disclosure responsibility is placed on any United States person with any financial interest in or signatory authority over, a bank, brokerage, stock, or any other financial…
THE U.S. SUPREME COURT OPINED THAT THE REPORT OF FOREIGN BANK AND FINANCIAL ACCOUNTS MAXIMUM NONWILLFUL VIOLATION PENALTY IS $10,000 PER FBAR NOT PER ACCOUNT By: Coleman Jackson, Attorney & Certified Public Accountant March 6, 2023 The Bank Secrecy Act (BSA) and its implementing regulations require certain individuals to file annual reports with the federal…
Coleman Jackson, P.C. | Transcript of Legal Thoughts LEGAL THOUGHTS: THE IRS COLLECTION PROCESS AND TAXPAYER’S OPTIONS | Published November 28, 2022 Listen: Legal Thoughts is an audiocast presentation by Coleman Jackson, P.C., a law firm based in Dallas, Texas serving individuals, businesses, and agencies from around the world in taxation, litigation, and immigration legal…
By: Coleman Jackson, Attorney & Counselor at Law and Certified Public Accountant December 21. 2021 The Fifth Circuit: The United States Court of Appeals for the Fifth Circuit is the federal court that hears appeals from federal court decisions issued by the federal district courts in Texas, Louisiana and Mississippi. That means that the court decisions…
Coleman Jackson, P.C. | Transcript of Legal Thoughts Podcast Published June 14 ,2021 LISTEN: Legal Thoughts is a podcast presentation by Coleman Jackson, P.C., a law firm based in Dallas, Texas serving individuals, businesses, and agencies from around the world in taxation, litigation and immigration legal matters. This particular episode of Legal Thoughts is a…
Coleman Jackson, P.C. | Transcript of Legal Thoughts Podcast Published March 10, 2021. Legal Thoughts is a podcast presentation by Coleman Jackson, P.C., a law firm based in Dallas, Texas serving individuals, businesses, and agencies from around the world in taxation, litigation and immigration legal matters. This particular episode of Legal Thoughts is a podcast…
Coleman Jackson, P.C. | Transcript of Legal Thoughts Podcast Published November 24, 2020. Legal Thoughts is a podcast presentation by Coleman Jackson, P.C., a law firm based in Dallas, Texas serving individuals, businesses, and agencies from around the world in taxation, litigation, and immigration legal matters. This particular episode of Legal Thoughts is a podcast…
Coleman Jackson, P.C. | Transcript of Legal Thoughts Podcast Published September 02, 2020. Legal Thoughts is a podcast presentation by Coleman Jackson, P.C., a law firm based in Dallas, Texas serving individuals, businesses, and agencies from around the world in taxation, litigation, and immigration legal matters. This particular episode of Legal Thoughts is a podcast…
By: Coleman Jackson, Attorney & Certified Public Accountant March 07, 2020 Thinking about spending that money withheld from employees’ wages to take a tour of the world, pay other business expenses or house payments? Don’t do it before reading Internal Revenue Code Section 7702! Hear those alarm bells ringing! Anyone required to collect, account for,…
By: Coleman Jackson, Attorney, Certified Public Accountant July 16, 2019 The 1970 Currency and Foreign Transactions Reporting Act, which is otherwise known as the Bank Secrecy Act requires U.S. residents, citizens and businesses with foreign bank accounts and certain other overseas assets to report those interest to the Financial Crimes Network annually on Form…
By Coleman Jackson, Attorney and Certified Public Accountant June 10, 2019 The Holy Bible at 1 Timothy 6:17 says that God gives to us richly all things…. It is a blessing to be able to give. Giving is an expression of gratitude and love. It is good to give. Every relationship should be based on…
By: Coleman Jackson, Attorney, Certified Public Accountant May 16, 2019 The United States Treasury has collaborated with over seventy countries to enforce the Foreign Tax Compliance Act (FATCA) which became U.S. tax law in 2010. FATCA in a nutshell requires Specified Individuals with foreign assets over a certain threshold amount to report those…
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.