Foreign Accounts Compliance

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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Foreign Accounts Compliance Update

The first thing a taxpayer should do who is out of compliance with United States laws concerning foreign financial accounts ...
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