If you've ever tried to get someone to do something they don't want to do, you may agree with the concept that people do things for their own reasons, and not for yours. We may never truly know the reasons that led a Facebook executive to renounce his U.S. citizenship and leave our sunny California skies. However, we do know the result of that decision.
In an earlier post, our San Francisco Bay area readers learned about the Internal Revenue Service's increased efforts for compliance regarding earnings in foreign bank accounts. In light of that, why would federal prosecutors drop charges against a San Francisco man?
Hercules is a city in Contra Costa County on the southeastern shores of San Pablo Bay, California. According to the United States Census Bureau, the city has 24,060 people and within its city limits it is 65.87 percent water.
Many of us in California have just finished sending in our personal income tax returns for 2011, but it isn't too early to plan ahead for the 2012 return according to knowledgeable sources.
For several years the Internal Revenue Service has been cranking up the heat on U.S. taxpayers in California and elsewhere who have unreported income from foreign bank accounts. Many of those accounts are in Switzerland.