In this section you will find discussions of and links to all the latest Tax Prophet additions. What's New? The Tax Prophet has been completely redesigned, including this new section, to help you find the information you want.
Find the Latest News, Newsletters and Postings.
Reviews and Accolades! -- Visit the Tax Prophet's Trophy Case.
Try the Search Engine
For a comprehensive listing of tax and legal sites, gateways and directories, check out the recently updated Cybersurfing Page. Use it as a research tool to locate tax and legal information on the Web.
The Action Guides cover the following topics: (1) Independent Contractor vs. Employee; (2) Tax Planning for Foreign Taxpayers; (3) Wealth Preservation Techniques; (4) Tax Strategies for Employee Stock Options; and (5) The Folly of Off-Shore Asset Protection Schemes.
1. Power Lunch - CNBC - AMT/ISO Interview (3/19/01).
2. CNN - Tax Scams on the Web - Senate Finance Committee hearing involving tax and trust scams on the web (4/5/01).
3. CNNfn - Tough Call - AMT/ISO Discussion - A debate regarding reforming the AMT (7/5/01).
4. Tech TV - Corporate Tax Deductions for Non-Qualified Stock Options.
Updated Monthly: Newsletters
If you think you can avoid paying income taxes by using a "Pure," "Pure Equity," or "Constitutional" trust, check out the Tax Prophet's new Tax and Trust Scam Bulletin Board and save yourself a lot of money and potential grief!
April 5, 2001 -- Tax Prophet Testifies at Senate Finance Committee Hearing Regarding Tax Fraud on the Web.
At a Congressional hearing covered by major new organizations, Robert Sommers was one of five tax experts testifying before the U.S. Senate's Finance Committee. Mr. Sommers spoke about the "pure trust" tax scam and how the web has increased the number of con artists promoting it. Parts of his testimony appeared on CNN news and in the New York Times.
June, 2005 - Tax Prophet was quoted in the New York Times regarding KPMG's admission of criminal conduct regarding its abusive tax-shelter business.
May, 2009 Is Your Life Insurance Policy Imploding?
April, 2009 Top Tax Scams for 2009
March, 2009 Limited Amnesty for Off-Shore Accounts
February, 2009 Swiss Bank Admits to U.S. Tax Fraud
January, 2009 The 2009 Estate Tax Roller Coaster
November, 2008 Swiss Secret Accounts Under Fire
October, 2008 Sarah Palin's Makeover - Tax Issues
September, 2008 Theft Loss Deduction
August, 2008 Residence Exclusion - New Limitation
July, 2008 Your Independent Contractor Business: Choice of Entity
June, 2008 Wheel of Fortune IRS Style
May, 2008 Foreign Bank Accounts
April, 2008 Wesley Snipes Headed for Club Fed
March, 2008 2008 Dirty Dozen Tax Schemes
February, 2008 The Economic Stimulus Act of 2008
January, 2008 The Wesley Snipes Trial
April, 2007 Memo: Tax Consequences of Stock Option Backdating
February, 2007 Memo: IRS Targets Private Annuity Trust Tax Ploy
February, 2007 Memo: Derivium Loan Update: IRS Targets Derivium Loan Transactions
January, 2007 Article: Recent Congressional Fix to the ISO AMT Tax Trap - intermediate
|[Wealth Preservation] [Employee Stock Options] [Foreign Taxpayers] [Tax & Trust Scams] [Expert Witness] [General Tax Information]|
|All contents copyright ? 2008 Robert L. Sommers, attorney-at-law. All rights reserved. This internet site provides information of a general nature for educational purposes only and is not intended to be legal or tax advice. This information has not been updated to reflect subsequent changes in the law, if any. Your particular facts and circumstances, and changes in the law, must be considered when applying U.S. tax law. You should always consult with a competent tax professional licensed in your state with respect to your particular situation. The Tax Prophet(TM) is a trademark of Robert L. Sommers.|