Delaying Voluntary Disclosure of Foreign Accounts Is Not a Long-term Strategy
If you have foreign financial accounts and you have not yet considered FBAR or feel that the lack of consequences up until this point signal ...
Read more
What are the Top Tax Scams Targeting 2015 Filers?
Tax season in the digital age has unfortunately given rise to a new necessity aside from filing and paying taxes with the IRS. That is, ...
Read more
I’ve received a FATCA letter and need to fix my foreign tax problems
Foreign Account Tax Compliance Act (FATCA) letters have been mailed to citizens, legal permanent residents, expatriates, and others with a US tax obligation since the ...
Read more
For FBAR Compliance Issues the IRS defines Willful Conduct Broadly
When people think about their noncompliance with foreign account disclosure, as required by Foreign Account Tax Compliance Act (FATCA) and the Banking Secrecy Act (BSA), ...
Read more
The top 5 reasons why you should always file a tax return
In general, if a US taxpayer’s total yearly income does not exceed the standard deduction and one additional exemption and you cannot be claimed as ...
Read more
What are the top reasons for triggering an IRS Audit?
There are few things in life that people look forward to less than filing and paying their taxes. However, one of the few things less ...
Read more