FBAR & Foreign Disclosures

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Streamlined Foreign Offshore Procedures: Complete Guide 2021
SFOP is an IRS amnesty program for U.S. taxpayers with unreported offshore income. Successful applic [...]
Streamlined Domestic Offshore Procedures: Complete Guide 2021

SDOP is an IRS amnesty program for U.S. residents who have unreported foreign income.

IRS Removes One of Four Options to Resolve Foreign Disclosure Mistakes
IRS Removes an Option to Correct Foreign Reporting Errors
The IRS recently removed one of four options to correct foreign-based reporting omissions. The Delin [...]
IRS Voluntary Disclosure Program
IRS Voluntary Disclosure Program
The IRS Voluntary Disclosure Program (VDP) gives taxpayers a chance to avoid criminal tax charges by [...]
FBAR Penalties: Late Filing and Non-Filing, Delinquent FBARs
FBAR Penalty: Non-Filing and Other Violations
The FBAR penalty—whether you fail to file or file inaccurately—can be serious, including hefty f [...]
FBAR Filing Requirements - FinCEN 114 Form - Who Needs to Report Foreign Bank Accounts?
FBAR Filing Requirements
Did you just learn about FBAR filing requirements? Are you worried that you should have filed one an [...]
Tax Law: Accidental Americans international tax amnesty
International Tax Law: Tax Help for “Accidental Americans”
Several weeks ago, we discussed the IRS’ amnesty program for a slim sector of ex-pats and so-calle [...]
FBAR Law: IRS Sues woman for FBAR violations
Let This FBAR Case Be a Cautionary Tale To People With Overseas Accounts
The IRS won a 120-million-dollar FBAR lawsuit. Every person with $10,000 or more in overseas account [...]
IRS Announces New Foreign Reporting Rules for CFC Shareholders
Do you own stock in a controlled foreign company? Did the repeal of section 958(b)(4) affect you? If [...]