IRS Offshore Voluntary Disclosure Program FBAR Attorney
The IRS offshore voluntary disclosure program may be of a interest to your if you own foreign assets, because you have certain US income tax...
Category : FBAR Voluntary Disclosure
FATCA noncompliance and the IRS’ Offshore Voluntary Disclosure Program
Enacted in March of 2010, the Foreign Account Tax Compliance Act, or FATCA as it’s more commonly known, has been the subject of much concern...
Foreign account tax issues may concern some New York residents
Tax time comes and goes every year, and residents in New York may wonder if filing taxes on foreign accounts on-time is always the best...
Understanding the newest reform to the FATCA
In the president’s most recent proposed budget, a relatively obscure direction appears. It reads that the federal government shall “Provide for reciprocal reporting of information...
Make sure you’re prepared to comply with overseas banking laws
Some of our readers in New York may be familiar with what is known as FATCA, the Foreign Account Tax Compliance Act. The law was passed...
The 2012 Offshore Voluntary Disclosure Program OVDP Requirements
In January 2012 the Internal Revenue Service started an offshore voluntary disclosure program, known as OVDP. This program is a result of the positive outcome...
IRS Rescinds Amnesty for Some Taxpayers with Overseas Accounts
The Internal Revenue Service has increased the scrutiny of overseas bank accounts and has rescinded amnesty for some individuals who disclosed their overseas accounts and...
IRS Updates: The Voluntary Classification Settlement Program
To solve a tax problem, the Internal Revenue Service has released new information and updates to the Voluntary Classification Settlement Program so that businesses, tax...
IRS and Overseas Taxpayers
The Internal Revenue Service has in place a plan to help United States citizens residing abroad with their taxes by implementing programs for IRS and...
Reporting Foreign Bank and Financial Accounts
On January 17, 2013, the United States Treasury Department released their finial regulations for the implementation of the Foreign Account Tax Compliance Provisions (FATCA) from...