Why You Need an Attorney in Charge of Your Foreign Accounts Compliance Case

Posted on: November 22, 2017 | By: Stephen Dunn | Accountant-Client Privilege, Accountants, Attorney-Client Privilege, Bank Secrecy Act, Delinquent FBAR Submission Procedures, FBARs, Financial Advisors, Foreign Accounts Compliance, Organizers, OVDP

Accountants commonly send an “organizer” to a client with instructions to complete and sign it and return it to the accountant.  The completed organizer then serves as the...

Who Should Represent U.S. Taxpayers Concerning Foreign Assets

Posted on: March 18, 2016 | By: Stephen Dunn | Attorney-Client Privilege, Delinquent FBAR Submission Procedures, FBARs, Foreign Accounts Compliance, OVDP, Passive Foreign Investment Companies ("PFICs"), Streamlined Procedures

Competent counsel should represent U.S. taxpayers who have failed to file FBARs reporting foreign financial accounts, or who have failed to report foreign financial assets or income therefrom...