The IRS has expanded their program on streamlined processing of installment agreements under a test program that is scheduled to run until September 30, 2017. For the first time, streamlined processing standards will apply to individual taxpayers with an assessed balance of tax, penalty and interest between $50,000 and $100,000. During this test, more taxpayers […]

Seven attorneys from Frost & Associates, LLC have been selected to the 2017 Maryland Rising Stars list. This is an exclusive list, recognizing no more than 2.5 percent of the lawyers in the state. The attorneys recognized include Glen Frost, Michael Goldberg, Justin Hughes, Kaitlyn Loughner, Jessica Frase Marine, Eli Noff, and John Samuels Pontius, […]

Donald Trump has proposed to make several tax changes when he enters office in January. It is important to examine the possible tax changes that could result from the new plan so that taxpayers are aware of the potential advantages and disadvantages the new tax plan may give them. Trump’s proposed tax plan consists of […]

When a taxpayer receives a notice from the IRS proposing an additional assessment of tax, the taxpayer can often work administratively with the IRS to resolve the dispute. However, many times, the taxpayer and IRS are not able to come to an agreement.  In those instances, there are four different forums which can be utilized […]

Here is the text of the letter from American Citizens Abroad to the Deputy Assistant Secretary for International Tax Affairs Robert Stack:   August 10, 2016   The Honorable Robert B. Stack Deputy Assistant Secretary for International Tax Affairs United States Department of the Treasury Main Treasury Washington, DC 20220   Dear Secretary Stack:   “Same Country” […]

The Treasury Inspector General for Tax Administration (“TIGTA”) completed an audit of the Offshore Voluntary Disclosure Program (“OVDP”). US citizens are taxed on their worldwide income and must report bank accounts when their aggregate balance exceeds $10,000. The OVDP and other similar programs allow taxpayers a mechanism to come forward and get into compliance with […]