The IRS has outlined general eligibility requirements to enter into the Streamlined Filing Compliance for taxpayer who failed to report all foreign income, pay all tax, […]
This Q and A answers the above questions. To set the context, we first consider a little background. a. Background As mentioned elsewhere on this website, […]
The Streamlined Procedure allows certain participating taxpayers to disclose their foreign accounts and assets and avoid criminal prosecution. Some of the latest news about this Program […]
The IRS has implemented new changes (as of June 2014) to the tax laws relating to offshore foreign accounts and assets. These changes are helpful to […]
The time is ticking for those hiding foreign assets or accounts overseas. The IRS has announced changes to its (i) Streamlined Program, and its (ii) 2012 […]