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 […]
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 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, […]
May 23, 2017
Foreign Account Holders May Be Required to File an FBAR, Form 5471

FATCA’s Future May Be Uncertain But The Government Is Still Going After FBAR Violators

When it comes to the future of taxation in the United States, the only certainty is uncertainty.  While most of the attention given to tax reform […]
May 3, 2017
FOIA Response Suggests Canadian Bank & Tax Information was Improperly Sent Directly to the IRS

FOIA Response Suggests Canadian Bank & Tax Information was Improperly Sent Directly to the IRS

American expats living in Canada, U.S.-Canadian dual citizens, and other U.S. taxpayers living in Canada have long been advised of their duty to report foreign accounts. […]
April 24, 2017
I didn't file my 2016 FBAR or FATCA; Can I Fix my Noncompliance?

I didn’t file my 2016 FBAR or FATCA; Can I Fix my Noncompliance?

Taxpayers are increasingly aware that of foreign account disclosure obligations. Since at least the late 2000s, the IRS has devoted significant resources towards educating taxpayers that […]