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Every year, the internal revenue service issues a report on tax scams. Actual is to alert taxpayers to the possible lack of merit of certain strategies as well as letting everyone know the IRS will not accept them.

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Congress finally acted on New Year's Day, passing the "fiscal cliff" transfer pricing the law. This law extended the existing tax rate structure for single taxpayers with taxable income of lower than USD 400,000, and married taxpayers with taxable income of less than USD 450,000. For which higher incomes, the top tax rate was increased to 39.6% These limits are determined prior to the foreign earned income difference.

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