strategies-init
Part one of our series on the streamlined offshore voluntary disclosure program discusses the history of the program and how taxpayers can benefit from it.
When analyzing your options under IRS Voluntary Disclosure, the quiet disclosure is one option that has been used in the past. Here are the pros and cons.
IRS voluntary disclosure was set up by the federal government for bringing taxpayers back into compliance when they have financial assets outside the US
This article discusses the various FBAR penalties and other miscellaneous criminal penalties associated with OVDI and the IRS voluntary disclosure program.
Continuing our series on the IRS Streamlined OVDP, this article outlines the potential penalties if taxpayers do not participate in Streamlined OVDP.
This article breaks down the provisions of FATCA, the Foreign Account Tax Compliance Act. FATCA is the provision that mandates the filing of FBARs.
The following is a summary of some of the foreign asset reporting requirements. It is important to determine your potential liability under the law.
The following article summarized the FBAR requirements. When filing an FBAR, you should be aware of the individual reporting requirements for FBARs.
Here is a summary of the Reporting Requirements for Foreign Assets. It is important to know these reporting requirements so that you don't make any errors.
This blog is a continuation of the disclosure. Read this article to know more.
The Department of Treasury & Justice has a new mandate, stop offshore tax cheating & tax revenue from non-disclosed foreign accounts.
This article discusses the potential sales and use tax liabilities that out of state retailers may have to the Board of Equalization.