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Author Archives: Helena Turner

About Helena Turner

Associate Director, Individual Tax and Voluntary Disclosure, US/UK tax specialist with over 20 years diverse technical and practical experience in compliance and international online pharmacy consulting. Big 4 (Coopers & Lybrand).

HMRC cracks down on tax havens and tax evasion

Just like the US, the UK is on the hunt for delinquent filers and tax evaders!  In the Chancellor’s Autumn statement, made earlier today, George Osbourne focussed strongly on this, stating that while the vast majority of people pay their taxes, there are still too many who evade taxes and this must be stopped.  He […]

National Taxpayer Advocate identifies challenges and issues for upcoming year to Congress

Last week, Nina E. Olson, the US National Taxpayer Advocate, released a report to Congress that identifies the priority issues the Taxpayer Advocate Service (TAS) will focus on during the upcoming fiscal year.  The report expresses concern about the of expired and expiring tax provisions on the taxpayer, the rise in tax fraud and tax-related […]

IRS Updates Foreign Assets Requirements Chart

The IRS has issued an updated foreign assets chart listing the latest requirements for filing Foreign Assets Form 8938 for the 2011 calendar year and TD F 90-22.1. Determining the Reporting Threshold That Applies to You… The IRS has provided guidance with respect to the thresholds that apply to taxpayers requirements for filing the form. […]

Thirty new UK taskforces to tackle tax evasion

You may or not be aware but as a result of the UK Government’s £917 million spending review, new initiatives have been launched to tackle tax evasion, avoidance and fraud from 2011/12.  The aim is to raise an additional £7 billion each year by 2014/15.Thirty new UK taskforces are being set up to crack down […]

Protect Your UK Pension Lifetime Limit Before 5 April 2012

April 6 is not only the time to wish you “Happy New Year” as it is the beginning of the 2012/13 UK tax year, but it is also the date that the “lifetime allowance” in respect of contributions made to UK pension plans are substantially reduced. The lifetime allowance is the amount that you (or […]

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