foreign bank accounts

September 13, 2018
California Man Admits Hiding Over $1 Million from IRS in Foreign Bank Accounts

California Man Admits Hiding Over $1 Million from IRS in Foreign Bank Accounts

Anyone who reads our tax blog on a regular basis knows that foreign account disclosure laws are widely violated by U.S. taxpayers. Some of these violations […]
June 25, 2018
U.S. Government Files Lawsuits Against Colorado Family Over Foreign Bank Accounts

U.S. Government Files Lawsuits Against Colorado Family Over Foreign Bank Accounts

According to various media outlets, the Department of Justice have set their sights on a Fort Collins, Colorado family that are suspected of having kept millions […]
June 14, 2018
Do I Need to Report Foreign Gifts to the IRS?

Do I Need to Report Foreign Gifts to the IRS?

If you timely filed for a tax extension, you have until October 15, 2018 to submit your federal income tax return to the Internal Revenue Service […]
April 11, 2018
Updates on the Criminal Tax Cases Against Ex-Trump Associates Paul Manafort and Rick Gates

Updates on the Criminal Tax Cases Against Ex-Trump Associates Paul Manafort and Rick Gates

If you read or watch the news, you have likely been following the high-profile criminal cases against Paul Manafort and Rick Gates, respectively former campaign manager […]
April 4, 2018
Foreign Account Reporting Options for Taxpayers Who Do Not Qualify for the Offshore Voluntary Disclosure Program (OVDP)

Foreign Account Reporting Options for Taxpayers Who Do Not Qualify for the Offshore Voluntary Disclosure Program (OVDP)

The Offshore Voluntary Disclosure Program (OVDP), known in previous years as the Offshore Voluntary Disclosure Initiative (OVDI), was established by the Internal Revenue Service (IRS) to […]
March 23, 2018
Sending Money to a U.S. Bank from Abroad? Beware a Wire Audit Transfer – and Potential FATCA Penalties

Sending Money to a U.S. Bank from Abroad? Beware a Wire Audit Transfer – and Potential FATCA Penalties

Making a wire transfer is a fast and convenient method of electronically moving funds from one bank account to another, generally ensuring the recipient’s access within […]