May 17, 2017

What are the Eligibility Requirements for Streamlined Disclosure?

The IRS has outlined general eligibility requirements to enter into the Streamlined Filing Compliance for taxpayer who failed to report all foreign income, pay all tax, […]
August 14, 2014

What is Transitional Treatment option to 2014 OVDI Program?

This Q and A answers the above questions. To set the context, we first consider a little background. a. Background As mentioned elsewhere on this website, […]
July 8, 2014

Streamlined Program 2014 changes regarding foreign accounts

The Streamlined Procedure allows certain participating taxpayers to disclose their foreign accounts and assets and avoid criminal prosecution. Some of the latest news about this Program […]
July 1, 2014

2014 changes to Tax Laws for Offshore Accounts and Assets

The IRS has implemented new changes (as of June 2014) to the tax laws relating to offshore foreign accounts and assets. These changes are helpful to […]
July 1, 2014

Changes to IRS voluntary disclosure from 2012 and 2014 OVDP

The time is ticking for those hiding foreign assets or accounts overseas. The IRS has announced changes to its (i) Streamlined Program, and its (ii) 2012 […]