U.S. taxpayers are required to disclose offshore income and assets to the Internal Revenue Service (IRS) by filing an electronic tax document known as an FBAR […]
Wire Transfer Audit & Potential FATCA Penalties: This Page at a Glance Understanding how international financial holdings affect American taxpayers is a difficult process, even when […]
We previously wrote about a taxpayer that was fighting a civil penalty for failing to timely file under U.S. Foreign Bank Account Reporting (FBAR) laws. In […]
Last week, the House of Representative’s Financial Services Committee heard testimony from a panel regarding the potential dangers of cryptocurrency. The expert panel discussed how cryptocurrency […]
