Pages

▼
Showing posts with label 2011 Voluntary Disclosure Program. Show all posts
Showing posts with label 2011 Voluntary Disclosure Program. Show all posts
August 9, 2020

DRAMATIC INCREASE IN US EXPATRIATES SURRENDERING THEIR CITIZENSHIP (AND TAX FILING REQUIREMENT WITH THE IRS) -HERE ARE LEGAL RULES - THERE ARE ALSO SEPARATE AND COMPLEX IRS TAX RULES

›
   A. THE IMMIGRATION & NATIONALITY ACT  Section 349(a)(5) of the Immigration and Nationality Act (INA) (8 U.S.C. 1481(a)(5)) is the sec...
January 15, 2012

Taxpayer Advocate Office and IRS in vicious fight over Unfair Practices on FBAR Voluntary Offshore Disclosure Program

›
The Taxpayer's Advocate Office is still on the side of the Taxpayer. They are in a vicious fight with the IRS over their "bait and...
January 11, 2012

IRS Used "Bait and Switch" Tactics in Prior Offshore Disclosure Programs per the Taxpayer Advocate Office

›
This Article from  CNBC describes  the less than ethical actions (or perhaps straightforward)  of the IRS in connection with the 2009 and ...
December 2, 2011

US IRS to go easy on American residents in Canada Per the Globe & Mail

›
The U.S. Internal Revenue Service is poised to waive potentially massive penalties for Americans who agree to come clean and don't owe ...
September 19, 2011

IRS Voluntary Disclosure after 9/9/11

›
Standard Taxpayer IRS Voluntary Disclosure is still available after 9/9/11.   If you missed the 9/9/11 Deadline to enter the 2011 iRS...
1 comment:
September 15, 2011

CURRENT IRS PROGRESS COMBATING INTERNATIONAL TAX EVASION

›
WASHINGTON — The Internal Revenue Service continues to make strong progress in combating international tax evasion, with new details anno...
August 27, 2011

Quiet or Silent Disclosure May Not be Best Way to Go With Respect to Foreign Financial Accounts, Foreign corps, trusts, and partnerships

›
Forbes Magazine Article Does not recommend that taxpayers try "silent or quiet" disclosure to reveal their offshore bank accounts,...
1 comment:
August 26, 2011

IRS Extends 2011 Voluntary Offshore Disclosure Filing Deadline to September 9, 2011

›
Note: Though you may have missed the program which ended 9/9/11, you still can file all past unfiled tax returns including forms 5471, 8865...
1 comment:
August 25, 2011

WHEN ARE FOREIGN PENSION PLAN CONTRIBUTIONS TAXABLE ON US TAX RETURNS?

›
US expatriates working for foreign employers may participate in foreign pension plans. These plans normally have beneficial tax treatment u...
August 23, 2011

Will Canada Revenue Agency Help the IRS Collect the Penalties for Various Unfiled Foreign Reporting Forms?

›
Click here to visit the link to recent article in the Vancouver Sun about Canada Revenue Agency Opinion.  on enforcing IRS penalties for not...
3 comments:
August 22, 2011

Delinquent U.S. Foreign Information Returns: Is Filing Under the 2011 OVDI Appropriate?

›
Read more about whether or not you should enter the OVD program in the following article form the AICPA Tax Advisor  publication.  Click her...
July 7, 2011

Attorney-Client Privilege - CPAs, Enrolled Agents, and Tax Preparers Do Not Have It

›
When you are discussing your personal tax situation (and problems) with your CPA, Enrolled Agent or tax preparer, everything you say to them...
June 17, 2011

RS Extends Voluntary Disclosure Deadline

›
The Internal Revenue Service has given taxpayers an extra 90 days to provide a voluntary disclosure of their offshore bank accounts, foreig...
June 3, 2011

IRS REVISES FREQUENTLY ASKED QUESTIONS ON 2011 VOLUNTARY OFFSHORE DISCLOSURE PROGRAM

›
The IRS on June 2, 2011, changed certain questions and answers on its Frequently Asked Questions page  which contains the rules to its 2011 ...
May 23, 2011

Possible Consequences of "Silent Disclosure" of Undisclosed Foreign Bank Accounts - And Failing to Enter IRS Offshore Voluntary Disclosure Program

›
A Boston venture capitalist and director at Boston Private Bank and Trust Company was charged with failing to report his foreign bank accou...