IRS Criminal Investigation Unit (IRS-CI) will find you!
Due to the Foreign Account Tax Compliance Act (FATCA) and the work of IRS special agents (IRS-CI), international tax transparency is here. There is virtually nowhere to hide. On 1/18/17, the Department of Justice (DOJ) reported that three residents of
- JD Supra
When the Wall of Secrecy Collapses
Foreign Accounts, Shell Companies, Blind Trusts, Asset Protection Trusts, Offshore Trusts, Global Citizenship, secrecy and US Residency are just a few of the Terms highlighted in the mega divorce proceedings of a Palm Beach County couple -Sarah Pursglove versus Robert
- JD Supra
Do You Know What an IRS Criminal Investigation is?
Your worldwide income is subject to U.S. income tax, regardless of where you reside”. The integrity and fairness of the US tax system is based on the premise that all income may be taxable, and that its taxpayers will self-assess
- JD Supra
FBAR e IRPF AMERICANA EM SINCRONIA – AMBOS SÃO DEVIDOS A 18 DE ABRIL DE 2017!
FBAR e IRPF AMERICANA EM SINCRONIA – AMBOS SÃO DEVIDOS A 18 DE ABRIL DE 2017! published by Foodman CPAs & Advisors.
Is the IRS Wealth Squad After You? Here Are Some Triggers
Is the IRS Wealth Squad After You? Here Are Some Triggers was published by the DBR.
- Daily Business Review
Bankers, Do your US Clients tell you everything that you need to know?
Given the information publicly revealed by “Panama Papers”, and recent IRS reminders to out-of-compliance US Taxpayers to come into full compliance with their federal tax obligations, it is critical that Bankers and Financial Institutions educate their clients regarding banking industry
- JD Supra
¿Sabe usted el propósito de los Procedimientos de Presentación de Cumplimiento Racionalizados?
Procedimientos Racionalizados de Presentación de Cumplimiento (Streamlined Filing Compliance Procedures) es una de las opciones disponibles para los contribuyentes Estadounidenses con activos e ingresos financieros extranjeros no autoreportados. Está destinado a los contribuyentes que han actuado no-intencionalmente. El Proceso está
- JD Supra
Do you know the purpose of the Streamlined Filing Compliance Procedures?
Streamlined Filing Compliance Procedures (Streamlined) is one of the options available for US Taxpayers with unreported foreign financial assets and income. It is intended for the Taxpayers that have acted non-willfully. The Streamlined process is available to US individual Taxpayers
- JD Supra
¿Sabe usted por qué y cómo entrar en el Programa de Divulgación Voluntaria de Cuentas en el Extranjero (OVDP)?
A través del Programa de Divulgación Voluntaria de Cuentas en el Extranjero (OVDP – Offshore Voluntary Disclosure Program), el IRS permite a los Contribuyentes que no están en cumplimiento intentionalmente revelar las cuentas en el extranjero no declaradas y los
- JD Supra
Do you know why and how to make an Offshore Voluntary Disclosure (OVDP)?
Through its Offshore Voluntary Disclosure Program (OVDP), IRS permits noncompliant taxpayers to disclose Willfully unreported offshore accounts and related income. The “key” word for OVDP is Willful. Unlike the Streamlined Filing Compliance Procedures, program which is intended for Taxpayers that
- JD Supra
Cuando FATCA y los Programas de Amnistía Fiscal se cruzan, ¿será demasiado tarde para los contribuyentes Estadounidenses?
Las Instituciones Financieras extranjeras (FFIs) y las autoridades fiscales de los países anfitriones le han proporcionado al IRS con una segunda ronda de informes de información sobre cuentas financieras mantenidas por los contribuyentes Estadounidenses. Este intercambio de información es automatizado
- JD Supra
When FATCA and Tax Amnesty Programs intersect, will it be too late for US Taxpayers?
Foreign Financial Institutions (FFIs) and host country tax authorities have provided IRS with a second round of information reports on financial accounts held by US Taxpayers. This exchange of information is automated and standardized among Government Tax Authorities and IRS,
- JD Supra