What Is the Offshore Voluntary Disclosure Program?
Previously, the IRS had two programs, Offshore Voluntary Disclosure Program (2009) and Offshore Voluntary Disclosure Initiative (2011), which have been discontinued.
How to Appeal an FBAR Penalty
If you cannot come to an agreement in resolving the issue in the IRS examination stage, you still have a right to appeal your FBAR penalty.
FBAR Penalties: What Happens If You Don’t File International Taxes
An area of difficulty that has arisen with regard to FBAR cases is the ambiguity of penalties potentially faced by an individual in violation of disclosure requirements.
Types of International Tax Forms
There are many informational forms associated with international taxes and I am not sugar-coating this — they are complicated.
What Is the Foreign Bank Account Reporting
The acronym FBAR stands for Foreign Bank Account Report and refers to a disclosure form that must be filled out by certain taxpayers with respect to financial accounts maintained abroad.
Frequently Asked Questions About IRS Collections and Taxes
The most common questions about IRS collections and taxes answered in plain language so you can take action.
What Is the FAST Act?
The passage of the FAST Act in 2018, has some people worried about their ability to travel and live abroad because of their IRS liabilities.
Innocent Spouse Relief
Because of certain benefits that filing jointly allows, many married taxpayers elect to file joint returns. However, filing a joint return carries the added burden of both parties being liable for the tax due.
How to File an IRS Interest Abatement
When an IRS interest abatement occurs, then the interest on a balance due can be abated altogether or specific periods of time can be excluded from the interest calculation.
What if I Cannot Pay the IRS? Currently Non-Collectible Status
The IRS can declare a taxpayer in “IRS Currently Not Collectible” after receiving evidence of the taxpayer’s inability to pay.
What Are the Rules for an IRS Offer in Compromise
An Offer in Compromise (OIC) is one repayment plan that you can negotiate with the IRS to reduce your tax debt.
How the IRS Conducts Financial Analysis
If you are trying to work with the IRS on an installment payment agreement of your tax debt, you may be wondering exactly how they determine who gets approved and who does not.