Department of Justice Interested in Prosecuting Improper Streamlined Disclosure Certifications?
Many taxpayers are now aware that the various voluntary disclosure programs offered to American taxpayers and expats provide a reasonably straightforward and affordable method of correcting mistakes relating to the offshore account and asset disclosure. Most Americans...What Should I do if I Received IRS Letter 3708 Demanding Payment for FBAR Obligations?
It is no secret that complying with FBAR obligations are a complicated and burdensome process. However, expats and other U.S. taxpayers with foreign assets must satisfy their FBAR disclosure obligations if their foreign assets and accounts exceed certain thresholds....Missed the 2016 FBAR Filing Deadline? Streamlined Disclosure can Help Correct FBAR Noncompliance
For expats and others with potentially significant offshore assets, filing Report of Foreign Bank Account (FBAR) and other informational reports is essential. The failure to file FBAR can be punished with severe consequences and result in monetary consequences for the...What Tax Obligations do U.S. Taxpayers Living Overseas Have?
Whether you are living overseas in a foreign nation as an expatriate or are merely spending some time overseas for business purposes, U.S. tax filing and payment obligations do not vanish the second your leave the U.S. In fact, most expats and others living overseas...TIGTA Identifies IRS Mistakes In Voluntary Disclosure Programs
Offshore Voluntary Disclosure and Streamlined Voluntary Disclosure are two programs that can permit a taxpayer to correct mistakes made regarding offshore non-compliance. In recent years, an array of obligations regarding the disclosure of offshore accounts and assets...