Tag: IRS Disclosure

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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 [...]
Tax Law: Expat Tax Amnesty Program
IRS Offering A Tax Deal That Expatriates Can’t Refuse
The Internal Revenue Service is offering a stellar amnesty deal to qualifying expatriates who haven& [...]
FBAR Law: What happens when you don't comply
FBAR Case Law: A Cautionary Tale About Not Reporting Offshore Accounts To the IRS
Gather round ye taxpayers with offshore banking and investment accounts! Here’s a cautionary tale [...]
cryptocurrency tax law tips
3 Tips from a Cryptocurrency Tax Accountant and Lawyer
Crypto taxes are a high priority for the IRS this year. Currently, authorities treat token holdings [...]
FBAR Law: work signatories
You May Need To File FBAR Paperwork This Tax Season
If you have signatory authority for an overseas, employer-owned account and have yet to submit FBAR [...]
Tax Law: FACTA US Canada bank account sharing agreement
FATCA: Canada May Have Just Handed Over All Your Bank Info To Uncle Sam
The IRS and Canadian Revenue Agency are teaming up. In fact, the later just sent the former identify [...]
Illinois tax lawyer: OVDP deadline
OVDP Deadline In One Week! Comply or Risk Prison
The OVDP Deadline You have about one more week to avail yourself of the Offshore Voluntary Disclosur [...]
Lawyer Blog: FBAR
FBAR Violation Standards: Willfulness and a Preponderance of Evidence
What is FBAR? U.S. taxpayers with overseas accounts that cumulatively equal or exceed $10,000 at any [...]