foreign bank accounts

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 […]
January 17, 2020

Have an Undisclosed Bank Account in One of These Countries? Watch Out for a FATCA Letter, Or a High-Risk Audit, Or Tax & Willful Foreign Information Non-Reporting Criminal Investigation

Intergovernmental agreements, along with U.S. laws like the Foreign Account Tax Compliance Act (FATCA), ensure that banks around the world share information with the IRS. Banks […]
November 22, 2019

California Businessman Sentenced on Charges Related to Foreign Bank Accounts

The crackdown on Americans with undisclosed foreign bank accounts continues as another prosecution has resulted in a California businessman being sentenced to federal prison for nearly […]
September 20, 2019

Ruling Against Chinese Banks Threatens Taxpayers Who Fail to Comply with FATCA, FBAR

In a sealed case argued and decided earlier this summer, the U.S. Court of Appeals for the D.C. Circuit sided with the IRS against three unspecified […]
November 19, 2018
How can an IRS Innocent Spouse Relief Claim or Domestic Voluntary Disclosure Programs help me where tax fraud is discovered or suspected during my divorce?

How can an IRS Innocent Spouse Relief Claim or Domestic Voluntary Disclosure Programs help me where tax fraud is discovered or suspected during my divorce?

How can an IRS Innocent Spouse Relief Claim or Domestic Voluntary Disclosure Programs help me where tax fraud is discovered or suspected during my divorce? Most […]
October 10, 2018
Racecar Driver and Business Owner Sentenced to Prison for Tax Fraud

Racecar Driver and Business Owner Sentenced to Prison for Tax Fraud

According to a press release by the Department of Justice, William Whittington, 68, of Arizona, was sentenced to serve 18 months in a federal prison for […]