FATCA

FATCA

FATCA vs CRS – FATCA and CRS Declarations & Reporting Explained

FATCA vs CRS – FATCA and CRS Declarations & Reporting Explained

Many people confuse the Foreign Account Tax Compliance Act (FATCA) with the Common Reporting Standard…

FATCA REPORTING CHANGES AND INFLATION REDUCTION ACT SPELL TROUBLE FOR TAXPAYERS WHO HAVE FAILED TO FILE FORM 8938 AND FBARS

A recent report (the “Report”) from The Treasury Inspector General for Tax Administration (“TIGTA”) addressing…

FBAR

Willful FBAR penalty Case Study.

Wilfull FBAR Penalty. The following is intended as an update to my January 26, 2019…

OVDP Lawyer

Streamline Disclosures- The Art of the Non-Willful Certification.

Offshore disclosure to IRS. The key to making an offshore disclosure to the IRS using…

Offshore Tax Compliance Update fbar penalties for tax evasion can include imprisionment if the IRS seeks to criminally prosecute you

Offshore Tax Compliance Prosecutions by the IRS

Offshore Tax Compliance Update – Recent IRS Tax Prosecutions The following convictions represent recent successful…

Offshore Tax Compliance Update fbar penalties for tax evasion can include imprisionment if the IRS seeks to criminally prosecute you

Michigan Man Pleads Guilty To Tax Obstruction

“ANOTHER KNUCKLEHEAD BITES THE DUST” The definition of a Knucklehead is“someone considered to be of…

the Foreign Account Tax Compliance Act, FATCA

FATCA, Transparency Efforts Curb Offshore Tax Evasion

Everyone’s Getting FATCA Compliant The worldwide landscape of transparency is changing as the United States…

tax evasion offshore accounts

Global Tax Transparency Rises as FATCA, OECD Initiatives Gain Momentum

As the growth of global tax transparency rises, individual taxpayers and financial institutions must exercise…

Tax case solution

IRS Clarifies Rules on FATCA Announcement

fatca foreign account tax compliance act. tax law attorney

IRS modifications to OVDP and streamlined procedures a Relief to offshore bank account holders

IRS modifications to OVDP and streamlined procedures The Offshore Voluntary Compliance Program Internal Revenue Service’s…

Folder tabs with focus on offshore account tab. Business concept image for illustration of tax evasion.

Tax Evasion Causes Cash Abroad to Rise

Tax Evasion and Profits US-based companies added $206 billion to their offshore profits last year,…

The Organization for Economic Cooperation and Development (“OECD”)

OECD Releases First Pillar of Model Framework

The Organization for Economic Cooperation and Development (“OECD”) The Organization for Economic Cooperation and Development…