Although it is not illegal to utilize a foreign bank account, the federal government’s attitude toward Americans who have them can be best described as untrusting. […]
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 […]
Taxpayers have many reasons and justifications for their failure to file taxes or their filing of tax returns or other documents that are deficient. Deficient tax […]