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 [...]
Tag: Offshore Taxes
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IRS Voluntary Disclosure Program
The IRS Voluntary Disclosure Program (VDP) gives taxpayers a chance to avoid criminal tax charges by [...]
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
Did you just learn about FBAR filing requirements? Are you worried that you should have filed one an [...]
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 [...]
International Crypto Tax Force Hunting Evaders and Money Launderers
IRS representatives met with tax authorities from the U.K., Australia, Canada, and the Netherlands. [...]
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 [...]
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& [...]