Offshore accounts

August 6, 2020
New IRS Enforcement Programs to Focus on Foreign Accounts, Bitcoin and Other Cryptocurrencies

Does the IRS Share Voluntary Disclosure Information with State or Local Authorities?

In recent years, the IRS has greatly expanded its voluntary disclosure program, where taxpayers who have committed intentional or unintentional violations of the tax code can […]
August 19, 2019
Edward Flume UBS Account - IRS

Texas Court Holds Taxpayer Liable for Willful FBAR Penalty

In June, the Federal Tax Crimes Blog highlighted an interesting case involving the Foreign Bank Account Report (FBAR), United States of America v. Edward S. Flume […]
June 13, 2017
73-Year-Old Woman Pleads Guilty to Holding, Concealing Undisclosed Offshore Accounts

73-Year-Old Woman Pleads Guilty to Holding, Concealing Undisclosed Offshore Accounts

On this blog, we have long warned taxpayers that keeping secret offshore accounts was no longer a viable tax strategy. In fact, keeping secret foreign accounts […]
March 21, 2016
FBAR filings for taxes

FATCA and FBAR Filings Hit New Records

FATCA and FBAR Filings for Taxes Hit New Records May Foreshadow a Tougher Approach to Offshore Noncompliance The obligation to file a Report of Foreign Bank […]