Beneficial Ownership of a Foreign Financial Account
By Stephen J. Dunn |
Beneficial ownership is a pivotal yet elusive concept in the foreign financial accounts arena. Click here for the full article. Other posts ...
Read More U.S. Persons’ Reporting Obligations Regarding Foreign Financial Assets
By Stephen J. Dunn |
The United States imposes reporting obligations upon U.S. persons with respect to their worldwide income and financial assets. The reporting ...
Read More You May Only Need to File Delinquent FBARs
By Stephen J. Dunn |
Many U.S. persons are alarmed upon learning of their reporting obligations with respect to foreign financial accounts. Those obligations include ...
Read More VDP—IRS’ Updated Voluntary Disclosure Practice
By Stephen J. Dunn |
The Internal Revenue Service ended its Offshore Voluntary Disclosure Program (“OVDP”) effective September 28, 2018. Since then the IRS has ...
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