June 29, 2020
Offshore Account Holders Should Consider Making a Voluntary Disclosure as Paradise Papers Are Investigated

Do You Need to File for Voluntary Disclosure if You Failed to Disclose Money Made Abroad?

NOTE: for a full understanding of this article – read the content accessible via the blue hyperlinks below. As a U.S. citizen or tax resident, you […]
May 12, 2020
Foreign Retirement Income Dangers

U.S. Continues to Crack Down on Offshore Bank Account Compliance Amid COVID-19

According to a Department of Justice press release, Israel’s largest bank recently pleaded guilty to charges relating to its willful provision of assistance to Americans attempting […]
April 23, 2020

Does Willful Failure to File a Report of Foreign Bank or Financial Account Equal Tax Evasion?

Each year, most U.S. citizens with money in foreign financial accounts must report this information to the IRS in what is known as a Report of […]
April 17, 2020
attorney tax evasion

Florida Businessman Pleads Guilty to Tax Evasion and FBAR Crimes

According to a Department of Justice press release, a Florida businessman recently plead guilty to counts of willful failure to file an FBAR and tax evasion. […]
March 20, 2020
What is the Statute of Limitations for the IRS to Assess Tax, and Are There Exceptions for Taxpayers Abroad?

Why the FBAR Statute of Limitations Won’t Save You

The “Limits” of the FBAR Statute of Limitations: Page Contents at a Glance A favorite trope in crime dramas is to save a protagonist from prosecution […]
March 13, 2020
Photo by Doran Erickson on Unsplash

Treasury Excepts Reporting for Interests in Certain Tax-Favored Retirement and Non-Retirement Savings Trusts in Revenue Procedure 2020-17

Last week, the Treasury Department released Revenue Procedure 2020-17, which provided taxpayers guidance regarding information filing requirements related to certain tax-favored foreign retirement trusts and certain […]