Foreign Accounts Compliance

Beneficial Ownership of a Foreign Financial Account

Beneficial ownership is a pivotal yet elusive concept in the foreign financial accounts arena.  Click here for the full article. Other posts ...
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U.S. Persons’ Reporting Obligations Regarding Foreign Financial Assets

The United States imposes reporting obligations upon U.S. persons with respect to their worldwide income and financial assets.  The reporting ...
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You May Only Need to File Delinquent FBARs

Many U.S. persons are alarmed upon learning of their reporting obligations with respect to foreign financial accounts.  Those obligations include ...
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VDP—IRS’ Updated Voluntary Disclosure Practice

The Internal Revenue Service ended its Offshore Voluntary Disclosure Program (“OVDP”) effective September 28, 2018. Since then the IRS has ...
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