FBAR Compliance and Disclosure

December 17, 2018
tax fraud

IRS Increasing Fraud Penalties Under New Voluntary Disclosure Guidelines

In 2009, the IRS introduced the Offshore Voluntary Disclosure Program (OVDP), which enabled taxpayers to receive reduced penalties – notably, protection from criminal liability – for […]
November 19, 2018
How can an IRS Innocent Spouse Relief Claim or Domestic Voluntary Disclosure Programs help me where tax fraud is discovered or suspected during my divorce?

How can an IRS Innocent Spouse Relief Claim or Domestic Voluntary Disclosure Programs help me where tax fraud is discovered or suspected during my divorce?

How can an IRS Innocent Spouse Relief Claim or Domestic Voluntary Disclosure Programs help me where tax fraud is discovered or suspected during my divorce? Most […]
October 11, 2018
Understanding the FBAR Tax Crimes Behind Paul Manafort’s Plea Deal with Prosecutors

Understanding the FBAR Tax Crimes Behind Paul Manafort’s Plea Deal with Prosecutors

Whether you’re a self-described “political junkie” or simply a person who likes to stay current on tax and financial news, you are no doubt aware of […]
October 10, 2018
Racecar Driver and Business Owner Sentenced to Prison for Tax Fraud

Racecar Driver and Business Owner Sentenced to Prison for Tax Fraud

According to a press release by the Department of Justice, William Whittington, 68, of Arizona, was sentenced to serve 18 months in a federal prison for […]
October 8, 2018
First Taxpayer Convicted for FATCA Noncompliance, More IRS Enforcement Expected

First Taxpayer Convicted for FATCA Noncompliance, More IRS Enforcement Expected

The acronym “FATCA” refers to the Foreign Account Tax Compliance Act. FATCA, which was passed by Congress in 2010 as part of the Hiring Incentives to […]
September 13, 2018
California Man Admits Hiding Over $1 Million from IRS in Foreign Bank Accounts

California Man Admits Hiding Over $1 Million from IRS in Foreign Bank Accounts

Anyone who reads our tax blog on a regular basis knows that foreign account disclosure laws are widely violated by U.S. taxpayers. Some of these violations […]