August 6, 2018
Swiss Bank Gives Up More Names of American Customers, Faces Increased Penalties

Swiss Bank Gives Up More Names of American Customers, Faces Increased Penalties

The Foreign Bank Account Reporting laws (FBAR) require U.S. residents to report, on an annual basis, accounts held at foreign financial institutions if such account’s high […]
March 27, 2018
Breaking Tax News: IRS to End Offshore Voluntary Disclosure Program (OVDP 2014) by September 2018

Breaking Tax News: IRS to End Offshore Voluntary Disclosure Program (OVDP 2014) by September 2018

If you are a U.S. taxpayer with undisclosed foreign income, assets or accounts, pay careful attention, because this article is directed at you. On March 13, […]
November 11, 2016

IRS Voluntary Offshore Disclosure Efforts Have Brought in Nearly $10 Billion in Tax Revenues

Since the “Great Recession,” Congress has been particularly concerned about what is known as the tax gap. The tax gap is the difference between the government’s […]
February 23, 2016
Swiss Bank Program ends

Government Announces Swiss Bank Program Completion

For the past couple of years, we have brought our readers extensive information about the legal requirement to report foreign bank accounts to the federal government […]
February 15, 2016
Renouncing U.S. citizenship

Guilty plea over Swiss accounts despite renouncing U.S. citizenship

A former U.S. citizen pleaded guilty to one count of filing a false income tax return. While the sums in this matter were large, they were […]
October 23, 2014

Web Entrepreneur Charged Over Swiss Bank Account

It seems that every week, we bring you stories about United States taxpayers that have been charged with hiding money in foreign bank accounts. As of […]