The United States Supreme Court has agreed to hear the case of Bittner v. United States regarding how civil, non-willful FBAR penalties should be assessed.
FBAR & Foreign Disclosures
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If you received transactions from foreign trusts or entities during the tax year, you may need to file Form 3520.
Did you just learn about FBAR filing requirements? Are you worried that you should have filed one and scared about what will happen if you don’t?
SFOP is an IRS amnesty program for U.S. taxpayers with unreported offshore income. Successful applicants get all non-filing penalties waived!
SDOP is an IRS amnesty program for U.S. residents who have unreported foreign income.
The IRS recently removed one of four options to correct foreign-based reporting omissions. The Delinquent Information Submission Procedure allowed taxpayers
Several weeks ago, we discussed the IRS’ amnesty program for a slim sector of ex-pats and so-called “accidental Americans.” Now,
The IRS won a 120-million-dollar FBAR lawsuit. Every person with $10,000 or more in overseas accounts should take two minutes
Do you own stock in a controlled foreign company? Did the repeal of section 958(b)(4) affect you? If yes, we
The Internal Revenue Service is offering a stellar amnesty deal to qualifying expatriates who haven’t relinquished their citizenship because of