Offshore Accounts Today Equal Transparency

December 2018

The days of avoiding taxes through hiding money or assets in unreported offshore accounts are gone.   Nonetheless,   https://www.jdsupra.com/legalnews/offshore-accounts-today-equal-12751/

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What is Tax Evasion?

December 2018

The IRS TAX CRIMES HANDBOOK states that there are two kinds of tax evasion:   https://www.jdsupra.com/legalnews/what-is-tax-evasion-39001/

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How to determine an Individual’s Residency for Tax Treaty Purposes?

December 2018

The guidelines for determining an Individual’s tax residency are as follows:   https://www.jdsupra.com/legalnews/how-to-determine-an-individual-s-72122

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Foreign Trusts and the IRS

November 2018

A Foreign Trust can be a legitimate instrument for US Taxpayers that may have family members in foreign jurisdictions,    https://www.jdsupra.com/legalnews/foreign-trusts-and-the-irs-80871/

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¡Los Estados Unidos y Costa Rica tienen un Nuevo Acuerdo de Intercambio de Información Fiscal! LinkedIn

November 2018

El 20 de abril del 2018, los Gobiernos de Costa Rica y los Estados Unidos firmaron una nueva versión de su   https://www.jdsupra.com/legalnews/los-estados-unidos-y-costa-rica-tienen-72398/

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The US and Costa Rica have a New Tax Information Sharing Agreement!

November 2018

On April 20, 2018, the Governments of Costa Rica and the U.S.A. signed a new version of their   https://www.jdsupra.com/legalnews/the-us-and-costa-rica-have-a-new-tax-77866/

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IRS gives Internal Revenue Manual Voluntary Disclosure Consideration if…….

October 2018

When IRS reviews a criminal tax case, consideration is given to various factors such as whether a voluntary disclosure was made, whether prosecution exists, the health, age and mental condition of the Taxpayer and whether a solicitation of tax returns

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Certificaciones FATCA Son Debidas El 15 De Diciembre Y Es Mejor Certificar

October 2018

Una certificación FATCA consiste en respuestas a una o más serie de preguntas que los Oficiales Responsables (RO) de ciertas entidades deben responder y enviar al IRS para confirmar el cumplimiento de las entidades con los requisitos de FATCA.  https://www.jdsupra.com/legalnews/certificaciones-fatca-son-debidas-el-15-59474/

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FATCA certifications due December 15 and it is best to certify

October 2018

A FATCA certification consists of answers to one or more series of questions that the Responsible Officers (RO) of certain entities must answer and submit to the IRS to confirm the entities’ compliance with the requirements of FATCA.  https://www.jdsupra.com/legalnews/fatca-certifications-due-december-15-47004/

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Let’s Understand Filing FBARs

September 2018

The jurors in the Paul Manafort case had questions regarding the complex Foreign Bank Account Reports (FBARs) regulations.  This was evidenced by the jury’s questions to the judge addressing the responsibility to file an FBAR if a person owns less

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IRS ENDS OVDP right when some Taxpayers GET IT!

September 2018

On March 13, 2018, IRS announced the termination of the Offshore Voluntary Disclosure Program (OVDP) as of September 28, 2018 (Notice IR-2018-52).  OVDP has been available to Taxpayers that willfully failed to report foreign financial assets and pay all tax

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