Tag: Voluntary Disclosure Program

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Stylized image depicting a young, wealthy woman wearing a wide smile and carrying shopping bags in a tropical destination. On top of this background is an IRS CP59 notice for untiled tax returns. A large warning symbol is overlaid on top of the notice near the center of the image.
New IRS Initiative Targets High-Income Non-Filers
The IRS is targeting wealthy non-filers who haven't filed tax returns between 2017 and 2021. Learn w [...]
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FBAR: Who Should File & What Happens If You Dont
FBAR Filing Requirements (2024): Who Needs to File FinCEN Form 114?
Did you just learn about FBAR filing requirements? Our experienced FBAR lawyers break down all you n [...]
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Streamlined Domestic Offshore Procedures: Complete Guide 2024

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

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Streamlined Foreign Offshore Procedures: Complete Guide 2024
SFOP is an IRS amnesty program for U.S. taxpayers with unreported offshore income. Successful applic [...]
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FBAR Penalties: What Happens If You Dont File the FBAR?
FBAR Penalties: What Happens If You Don’t File the FBAR?
The FBAR, or Foreign Bank Account Report, is a form that must be filed annually by individuals who h [...]
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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 [...]
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