Streamlined Procedures for Foreign Accounts Compliance
By Stephen J. Dunn |
Posted on: January 9, 2019 | By: Dunn Counsel | Bank Secrecy Act, Paths to Compliance, Streamlined Procedures, The FBAR Filing Requirement, Uncategorized Many Americans become ...
Read More Passive Foreign Investment Companies: U.S. Clients Should Consider Tax Compliance
By Stephen J. Dunn |
Foreign mutual funds, known as passive foreign investment companies or “PFICs,” pose significant compliance burdens for U.S. taxpayers. Click here for the ...
Read More Beneficial Ownership, Income Tax, and FBARs
By Stephen J. Dunn |
For U.S. income tax purposes, ownership of property means beneficial ownership. Only the beneficial owner of property is required to ...
Read More Compliance Required of U.S. Persons Concerning Foreign Financial Accounts
By Stephen J. Dunn |
U.S. persons are subject to compliance obligations concerning foreign financial accounts under two statutes, the Internal Revenue Code and the ...
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