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Legal Routes to Resettling in the United States

Introduction to U.S. Immigration Relocating to the United States is a significant aspiration for many individuals across the globe. Achieving this goal requires navigating through a complex maze of immigration laws and policies. The United States offers various legal pathways for those aspiring to live within its borders. These include employment-based visas, family reunification programs,...

Currency Reporting

Currency reporting to the Internal Revenue Service (IRS) encompasses several dimensions depending on the nature of the transactions and the entities involved. Here is a summary based on the provided context: Foreign Currency and Exchange Rates Reporting: Individuals and businesses are required to report amounts on U.S. tax returns in U.S. dollars. If income is...

News

Tax Report:  Legislation Raises the Rewards for Tips Uncovering Big Fraud By Tom Herman, The Wall Street Journal December 20, 2006 BLOWING THE WHISTLE on tax dodgers may soon be more rewarding. Legislation expected to be signed into law today by President Bush authorizes the Internal Revenue Service to pay higher rewards to many informants...

IRS Reward Statistics

Amounts Awarded in FY’s 2001 – 2005       FY 2001 FY 2002 FY 2003 FY 2004 FY 2005 TOTALS Rewards Paid to Informants $3,337,035 $7,707,402 $4,057,476 $4,585,143 $7,602,685 $27,289,741 Taxes, Fines, & Penalties Recovered $30,774,539 $56,583,517 $48,379,562 $45,644,890 $68,126,671 $249,509,179 Interest Recovered on Amount Above $13,249,794 $10,357,002 $13,176,613 $28,485,904 $25,550,935 $90,820,248 A total...