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Showing posts with label IRS offshore disclosure. Show all posts
Showing posts with label IRS offshore disclosure. Show all posts
February 5, 2016

IRS STREAMLINED COMPLIANCE PROCEDURES FORM 14653 NOW REQUESTS MORE INFORMATION THAN OLD FORM.

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Form 14653 ( used then a taxpayer has not filed for many years forms required to report foreign  assets, bank accounts, foreign corporatio...
June 20, 2014

IRS NEW 6/18/14 STREAMLINED DISCLOSURE PROGRAM - DETAILS AND PROCEDURES

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The information on the program changes are: IR-2014-73, June 18, 2014 is read  here ; announces the changes. OVDP 2012 (as chan...
February 27, 2014

Bank deal fallout: ‘Chaotic’ US tax stampede overwhelms specialists - swissinfo.ch

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Bank deal fallout: ‘Chaotic’ US tax stampede overwhelms specialists - swissinfo.ch   We can help you no matter where you are in the world p...
July 17, 2013

4 Real Life Stories of Individuals Living Abroad who entered the IRS Offshore Disclosure Program

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Marie Sapirie in Tax Analysts describes four real life scenarios of taxpayers who entered the IRS Offshore Disclosure program which include...
January 9, 2013

Bad Marks given by the IRS Taxpayer Advocate on Voluntary Offshore Disclosure Program in Its report to Congress

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The IRS National Taxpayer Advocate reported the following to Congress: The IRS’s Offshore Voluntary Disclosure programs and their failur...
November 10, 2012

U.S. engages with more than 50 jurisdictions to curtail offshore tax evasion

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The US Treasury, announced  that it is engaged with more than 50 foreign country jurisdictions to improve international tax compliance as...
January 22, 2012

IRS Called Easy on Criminal Tax Evaders in Watchdog’s Critique

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Read Article about Criminal Tax Evaders and Voluntary Disclosure Program from Bloomberg Here
January 9, 2012

IRS Offshore Programs Produce $4.4 Billion to Date for Nation’s Taxpayers; Offshore Voluntary Disclosure Program Reopens

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  The Internal Revenue Service today reopened the offshore voluntary disclosure program to help people hiding offshore accounts get curre...
1 comment:
December 9, 2011

IRS announces more information on "reasonable cause" excuse and elimination or reduction of FBAR (TDF 90-22.1) late filing penalties.

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The IRS has issued a Fact Sheet for U.S. citizens or dual citizens residing outside the U.S. who may have been unaware of their U.S. tax ...
December 2, 2011

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

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The U.S. Internal Revenue Service is poised to waive potentially massive penalties for Americans who agree to come clean and don't owe ...
November 30, 2011

New FBAR form with Revised Instructions Just Released by IRS

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The IRS just release in November a new FBAR (TDF 90-22.1) form with revised instructions which clarify some of the filing requirements and ...
October 2, 2011

If You Failed to Enter the IRS Offshore Disclosure Program (At Risk Taxpayers)

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You should immediately seek competent legal and tax advice on how best to proceed  with filing your past tax returns and IRS foreign ...
September 20, 2011

Possible FBAR Penalties That May be imposed When Opting Out of Voluntary Disclosure Program

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The CPA Insider has an excellent article by Janice Eiseman on the possible FBAR penalties that might be imposed a taxpayer that chose not t...
August 26, 2011

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

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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 8, 2011

IRS Reminds Taxpayers that the Aug. 31 Deadline Is Fast Approaching for the Second Special Voluntary Disclosure Initiative of Offshore Accounts

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WASHINGTON — U.S. taxpayers hiding income in undisclosed offshore accounts are running out of time to take advantage of a soon-to-expire o...
June 17, 2011

RS Extends Voluntary Disclosure Deadline

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The Internal Revenue Service has given taxpayers an extra 90 days to provide a voluntary disclosure of their offshore bank accounts, foreig...
April 27, 2011

Criminal Prosecutions of Taxpayers Who Failed to Disclose Foreign Bank Accounts and Interest

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Read about the Justice Departments Criminal Prosecution of Taxpayers who have failed to report foreign bank and financial accounts and repor...