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Showing posts with label streamlined offshore disclosure. Show all posts
Showing posts with label streamlined offshore disclosure. Show all posts
July 9, 2018

IRS Streamlined Filing Program (used to catch up for Failing to File Certain Foreign Asset Reporting forms) May Now Be Audited

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The IRS may soon begin to audit those who have filed under the Streamlined Program which is used to catch up the filing of certain forei...
September 7, 2017

IRS Streamlined Program - Allows you to Surface with IRS with limited Penalties, and Exposure

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he following streamlined procedures are referred to as the Streamlined Foreign Offshore Procedures. Eligibility for the Streamlined Fore...
July 30, 2016

What facts do I need to include in completing the narrative statement of facts portion of the Form 14653?

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Provide specific reasons for your failure to report all income, pay all tax, and submit all required information returns, including FBARs. I...
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...
October 18, 2015

IRS Collecting $8 Billion from Offshore Tax Compliance Push

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Read in Accounting Today how the IRS is collecting taxes from expatriate taxpayers.  They have over 54,000 taxpayers that have come forward...
February 16, 2015

OPTIONS AVAILABLE TO OFFSHORE US TAXPAYERS FROM IRS

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The IRS has prepared several documents that help explain those requirements, including   FS-2011-13   and the   U.S. Citizens and Resident ...
January 19, 2015

TaxPayer Advocate Slams the IRS Offshore Programs as Unfair

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The IRS Offshore Voluntary Disclosure Program has unfairly penalized many ordinary citizens and often failed to catch the real offshore che...
November 23, 2014

Examples of Willful and Nonwillful FBAR (form 114) Excuses for Streamlined Program and Other Purposes

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Following article gives excellent FBAR unwillful excuse guidance for the streamlined program and filing foreign reporting forms outside of...
November 6, 2014

What Unwillful excuse to use for the IRS when entering the Streamlined Program or Offshore Disclosure Programs?

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Read this excellent article on writing your "Unwillful excuse" when entering the Streamlined  or Offshore Disclosure Program to f...
September 9, 2014

IRS OVDP vs. Streamlined: What To Do?

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Read the great article below from Forbes in you are not certain whether to enter the  IRS Streamlined  program or the Offshore Voluntary...
July 12, 2014

Delinquent International Information Return Submission Procedures

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Taxpayers who do not need to use the OVDP (described in section 1 above) or the Streamlined Filing Compliance Procedures (set forth in sect...
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...
June 19, 2014

NEW STREAMLINED OFFSHORE DISCLOSURE REDUCES PENALTIES AND IS EASIER

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Read new IRS rules below. http://www.irs.gov/Individuals/International-Taxpayers/Streamlined-Filing-Compliance-Procedures