Kenneth K. Bezozo

The Crackdown on Foreign Account Holders Continues: The 2011 Voluntary Disclosure Initiative and the Updated Filing Requirements for Foreign Financial Accounts
Kenneth K. Bezozo,Jeff S. Dinerstein,Richard M. Fijolek,Brandon S. Jones,Vicki L. Martin-Odette, June 29, 2011
With budgetary pressures increasing and deficits mounting, the United States Internal Revenue Service (“IRS”) is continuing its campaign to find U.S. citizens and residents who have failed to report both (1) their worldwide income on their U.S. federal tax returns and (2) all non-U.S....

Update: Out-of-State Retailers Beware; Soon You May be Doing Business in Texas (whether you like it or not!)
Kenneth K. Bezozo,Jeff W. Dorrill,Erin Watkins, May 9, 2011
Texas has now joined the growing ranks of states that have passed laws aimed at increasing tax collection from online retail transactions. Although Governor Rick Perry vetoed an earlier bill (H.B. 2403) providing that out-of-state retailers that have relationships with certain Texas...

Voluntary Disclosure Plan for Offshore Assets - Take #2
Kenneth K. Bezozo,Brandon S. Jones,Vicki L. Martin-Odette,Kimberly Stein Szarzynski, February 18, 2011
On February 8, 2011, the IRS announced a second voluntary disclosure program that will allow U.S. taxpayers to disclose offshore accounts that were previously kept secret from the IRS. U.S. citizens and resident foreign nationals are required to pay U.S. federal income tax on their worldwide...