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All Posts Tagged Tag: ‘voluntary disclosure’

Swiss Bank Prosecuted Using Growing IRS Database of Offshore Information

This prosecution is an example of how the U.S. government is using its expanding database of information collected from whistleblowers, foreign governments, advisors, banks and over 30,000 U.S. taxpayers who have already come clean.

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Offshore Tax Amnesty Reopened Today

The Internal Revenue Service just announced the reopening of a special voluntary disclosure initiative designed to bring offshore money back into the U.S. tax system and help people with undisclosed income from hidden offshore accounts get current with their taxes.

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So You Have Unreported Foreign Bank Accounts & Income, Now What?

With limited exceptions, every American citizen, permanent resident and even residents for tax purposes with direct or indirect ownership or control over a foreign financial account must report those accounts on Treasury Department form TD F 90-22.1, more commonly known as the FBAR [Foreign Bank and Financial Accounts Report].

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30,000 Taxpayers Voluntarily Disclose Offshore Assets

The IRS just reported that the 30,000 taxpayers who voluntarily disclosed their offshore assets have provided a wealth of information on various banks and advisors assisting people with offshore tax evasion. “We have pierced international bank secrecy laws, and we are making a serious dent in offshore tax evasion.” “But just as importantly, we have changed the risk calculus. Americans […]

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Offshore Tax Amnesty Deadline Extended

Offshore tax amnesty deadline extended to Sep 9 thanks to Irene. Recommend on Facebook Share on Linkedin Tweet about it Subscribe to the comments on this post

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Is Your Child a Tax Cheat?

I was quoted in the article “Is your child a tax cheat?” on Wall Street Journal’s MarketWatch. ‎”One tax specialist in these areas, Eduardo R. Arista, a certified public accountant and attorney in Coral Gables, Fla., said that although he has dealt with several FBAR cases, he has yet to see a case involving a minor child. Arista points out […]

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Just Started Helping Another Green Card Holder…

Just started helping another green card holder who thought he didn’t have to pay taxes just because he was living abroad. The 2011 tax amnesty expires in just a few months… Recommend on Facebook Share on Linkedin Tweet about it Subscribe to the comments on this post

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HSBC Foreign Account Holder Data Stolen by Whistleblower

HSBC just announced that data from as many as 24,000 clients was stolen by a former employee who, according to the Wall Street Journal, defended his actions saying that he “felt a civic duty to highlight the bank’s role in alleged tax evasion through offshore accounts.” It is quite possible the this information has or will be obtained and used […]

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