Beware “IRS Approved” Virtual Currency IRAs
As income tax filing season approaches, the U.S. Commodity Futures Trading Commission (CFTC) is warning…
Michael NelsonOctober 2, 2018
If You Read This After September 28, 2018, You Are Too Late!!!
The Internal Revenue Service terminated its 2014 Offshore Voluntary Disclosure Program (OVDP) September 28, 2018.…
Michael NelsonSeptember 29, 2018
Highly Probably You Will Owe More Tax For 2018
With nearly 10 million U.S. taxpayers facing a penalty for underpayment of estimated tax last…
Michael NelsonSeptember 24, 2018
Avoid penalty for underpayment of taxes for 2018!
Is it possible at this late date? The new tax act of the Trump Administration,…
Michael NelsonSeptember 11, 2018
IRS Examination Coverage for 2016
The Internal Revenue Service has listed the percentage of tax returns filed and examined by…
Michael NelsonSeptember 5, 2018
Combat-zone contract workers qualify for foreign earned income exclusion of $103,900!
If you are a U.S. citizen or resident alien of the U.S., specifically contractors or…
Michael NelsonSeptember 5, 2018
IRS Compliance
Today, September 4, 2018, t he Internal Revenue Service, IRS, provided a notice that Americans…
Michael NelsonSeptember 4, 2018
Basic of What to Do or Not Do If You Get a Letter from the IRS
If you receive a letter marked from the IRS or the U.S. Treasury, then you…
Michael NelsonJune 20, 2018
Do I need to file a special extension to get an automatic extension to file similar to the IRS form for individual Income Tax Returns…although automatic you still need to file?
The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) announced that, to implement the new due…
Michael NelsonApril 9, 2018
IRS announces an end to the Offshore Voluntary Disclosure Program, what does this mean for you?
The IRS has announced that its Offshore Voluntary Disclosure Program (OVDP) will end on 28…
Michael NelsonApril 9, 2018
About Us
Michael B. Nelson
The Law Office Of Michael B. Nelson, Inc. Continues To Assist Foreign Financial Institutions, FFI, And Their Customers Who Fall Under The Rules Of The Foreign Account Tax Compliance Act, FATCA; Additionally Providing Guidance Concerning The Treatment Of Financial Institutions Located In Jurisdictions That Have Signed Intergovernmental Agreements For The Implementation Of FATCA (IGAs) But Have Not Yet Brought Those IGAs Into Force.