What is the 2021 FBAR Deadline for Filing?
FBAR Deadline 2021 for Filing FBAR Deadline 2021 for Filing FBAR Deadline 2021 for Filing: FBAR (FinCEN Form 114) reporting follows the same logic as tax filing. For example, US Persons are required...
View ArticleJune 15 Tax Deadline for Taxpayers Abroad: What if You Missed it?
June 15 Tax Deadline June 15 Tax Deadline Reside Overseas & Missed June 15 Tax Deadline? Do you reside overseas and miss the June 15 tax deadline? For US person taxpayers who reside inside the...
View ArticleOutdated FBAR Regulation Does Not Limit Willful Penalties
Outdated FBAR Regulation Does Not Limit Willful Penalties Outdated FBAR Regulation Does Not Limit Foreign Account Penalties Outdated FBAR Regulation Does Not Limit Willful Foreign Account Penalties: In...
View ArticleWhat is the Tax Evasion Definition under IRC 26 USC 7201?
What is the Tax Evasion Federal Crime Definition? What is Tax Evasion What is the Tax Evasion Federal Crime Definition: It is not uncommon that when a US Taxpayer believes they have run afoul of the...
View ArticleStreamlined Filing Compliance Procedures: (New) 2021
Streamlined Filing Compliance Procedures Streamlined Filing Compliance Procedures Streamlined Filing Compliance Procedures (SFCP): IRS introduced the “stand-alone” Streamlined Filing Compliance...
View ArticleCompilation of Important Streamlined Procedures Filing Facts (New)
Streamlined Procedures Summarized in 10 Easy Steps Streamlined Filing Procedures Summary Streamlined Procedures Summarized in 10 Easy Steps: When International Tax Attorneys refer to the Streamline...
View ArticleShould You Report Undisclosed Foreign Accounts to IRS?
Why Report Previously Undisclosed Foreign Accounts? Why Report Previously Undisclosed Foreign Accounts? 5 Reasons Why You Need to Report Foreign Accounts: When it comes to the different IRS...
View ArticleDo FBAR Penalties Survive Death of Taxpayer: New 2021 Case Ruling
Court Rules FBAR Penalties May Survive Death FBAR Penalties May Survive Death FBAR Penalties May Survive Death: In the past two years, there have been many recent court rulings on matters involving...
View ArticleI Didn’t Know I have to File an FBAR Penalty Defense
Is “I Didn’t Know” I Had to file FBAR a Defense to Penalties? “I Didn’t Know I Had to File FBAR” Penalty Defense Is “I Didn’t Know I Had to File FBAR” a Defense to Penalties: The answer is that...
View ArticleDo Expats Have to File Taxes: IRS Overview 2021
Taxes for Expats Taxes for Expats Taxes for Expats: When an American or U.S. Person relocates outside of the United States and resides permanently away from the U.S., they are referred to as an...
View ArticleHow Does OVDP Willfulness Impact Citizenship (I-485 & N-400)?
International Tax Law, Immigration & Offshore Disclosure International Tax Law, Immigration & Offshore Disclosure International Tax Law & Immigration: Oftentimes, foreign individuals who...
View ArticleStreamlined Domestic Offshore Procedures: How to Apply 2021
Streamlined Domestic Offshore Procedures Streamlined Domestic Offshore Procedures (IRS) Streamlined Domestic Offshore Procedures: Since the IRS both closed OVDP (2018) and ended DIIRSP (2020), the big...
View ArticleBusinessman Charged with Streamlined Filing Tax Evasion 2021
Another Streamlined Filing Compliance Case Turns Criminal More Streamlined Filing Compliance Cases Turns Criminal Another Streamlined Filing Compliance Case Turns Criminal: At Golding & Golding,...
View ArticleHow Pandora Papers Can Take Down the Global Wealthy 2021
How Pandora Papers Can Take Down the Global Wealthy 2021 Pandora Papers Can Take Down the Global Wealthy How the Pandora Papers Can Take Down the Global Wealth: A few years back, the Panama Papers...
View ArticleWhy Form 3520 Penalties are Dangerous: IRS Overview 2021
Form 3520 Penalties Form 3520 Penalties Form 3520 Penalties are Dangerous: Form 3520 is the IRS Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts. When a...
View ArticleSupreme Denies Certiorari in FBAR Penalty Case of Kimble
Supreme Court Rejects FBAR Penalty Case Supreme Court Rejects FBAR Penalty Case Supreme Court Rejects FBAR Penalty Appeal Case: In the past few years, there have been several District Court and...
View ArticleHow Reasonable Cause Provides Taxpayer IRS Penalty Waivers
Reasonable Cause Not Willful Neglect to Avoid IRS Penalties Reasonable Cause May Provide IRS Penalty Waivers Reasonable Cause Not Willful Neglect to Avoid IRS Penalties: It would be literally...
View ArticleDelinquent FBAR Submission Procedures: Global Tax Counsel
Delinquent FBAR Submission Procedures Delinquent FBAR Submission Procedures Delinquent FBAR Submission Procedures: The FBAR refers to Foreign Bank and Financial Account Reporting (aka FinCEN Form...
View ArticleIRS Voluntary Disclosure Program: 2021 VDP Update
? IRS Voluntary Disclosure Program (Updated Practice) New IRS Voluntary Disclosure Program Procedure Update: The IRS Voluntary Disclosure Program is a Federal Government program that provides...
View ArticleStreamlined Foreign Offshore Procedures: (New) 2021
Streamlined Foreign Offshore Procedures Streamlined Foreign Offshore Procedures: The Streamlined Foreign Offshore Procedures (SFOP) is an IRS program for non-U.S. residents (foreign residents). The...
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