FBAR Compliance and Disclosure

April 26, 2018
Tax Changes for U.S. Expats Under the Tax Cuts and Jobs Act (TCJA) of 2017

Tax Changes for U.S. Expats Under the Tax Cuts and Jobs Act (TCJA) of 2017

The Tax Cuts and Jobs Act (TCJA) was signed into law by President Trump in December 2017. The TCJA ushers in a slew of dramatic changes […]
March 29, 2018
What to Expect if You Enter the Offshore Voluntary Disclosure Program (OVDP)

What to Expect if You Enter the Offshore Voluntary Disclosure Program (OVDP)

If you visited our tax law blog earlier this week, you may have spotted a major announcement: in September 2018, the Internal Revenue Service (IRS) will […]
March 23, 2018
Sending Money to a U.S. Bank from Abroad? Beware a Wire Audit Transfer – and Potential FATCA Penalties

Sending Money to a U.S. Bank from Abroad? Beware a Wire Audit Transfer – and Potential FATCA Penalties

Making a wire transfer is a fast and convenient method of electronically moving funds from one bank account to another, generally ensuring the recipient’s access within […]
February 24, 2018
Massachusetts Man Fined Over $1M, Sentenced to Prison After Concealing Foreign Bank Account from IRS

Massachusetts Man Fined Over $1M, Sentenced to Prison After Concealing Foreign Bank Account from IRS

On October 5, 2017, 50-year-old Michael Fitzgerald of Longmeadow, Massachusetts pleaded guilty in Springfield federal court to one count of willfully concealing a foreign bank account […]
February 5, 2018
What Are the Sentencing Guidelines for Taxpayers Convicted of FBAR Violations?

What Are the Sentencing Guidelines for Taxpayers Convicted of FBAR Violations?

If you have foreign assets or income, you may be required to file an FBAR (Report of Foreign Bank and Financial Accounts) disclosing the assets to […]
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 […]