FBAR Compliance and Disclosure

January 9, 2018
Have a Foreign Bank Account? You May Be Required to File an FBAR

Have a Foreign Bank Account? You May Be Required to File an FBAR

It’s common knowledge that the majority of U.S. citizens – around 240 million of them, according to the Internal Revenue Service (IRS) – are required to […]
December 30, 2017
Let the Paradise Papers Be a Reminder to Taxpayers: File an FBAR if You Have Foreign Income

Let the Paradise Papers Be a Reminder to Taxpayers: File an FBAR if You Have Foreign Income

If you follow the news even casually, you have doubtlessly read about the Paradise Papers, a recent leak of roughly 13.4 million financial documents exposing the […]
December 28, 2017
With Tax Reform Underway, is it Time to Repeal FATCA?

With Tax Reform Underway, is it Time to Repeal FATCA?

If you enjoy following politics, you are already aware of the major tax reform initiatives underway in Congress. The House and Senate, having recently passed different […]
December 27, 2017
Manafort Accused of Hiding Offshore Accounts in 3 Countries Known as Tax Havens

Manafort Accused of Hiding Offshore Accounts in 3 Countries Known as Tax Havens

Appearing in court with co-defendant and fellow political consultant Richard “Rick” Gates, former Trump campaign manager and veteran political operative Paul Manafort was charged in October […]
December 19, 2017
Could the Manafort Indictment Affect the GOP Tax Reform Package?

Could the Manafort Indictment Affect the GOP Tax Reform Package?

Mere days before November 2, 2017, when House Speaker Paul Ryan unveiled highlights of House Republicans’ tax reform bill – a bill which, as of mid-December, […]
December 13, 2017
Department of Justice to Change Position on Sentence Recommendations for FBAR Cases

Department of Justice to Change Position on Sentence Recommendations for FBAR Cases

For the better part of this decade, the Department Justice Tax Division, along with the Internal Revenue Service have been seeking out and prosecuting those who […]