Offshore Accounts Remain IRS Enforcement Priority
Posted on: May 16, 2019 | By: Stephen Dunn | Bank Secrecy Act, Delinquent FBAR Submission Procedures, FBAR, Form 3520, Form 3520-A, Form 5471, Form 8865, Form 8938, Form 926, International Information Returns, Statute of Limitations, Streamlined Procedures, The FBAR Filing Requirement, Uncategorized
At the American Bar Association Taxation Section’s annual meeting in Washington, D.C., in May, 2019, IRS representatives said the IRS continues examining evidence of Americans’ foreign financial accounts,...
International Information Returns
Posted on: December 22, 2018 | By: Stephen Dunn | FBAR, Form 3520, Form 3520-A, Form 8865, Form 8938, Form 926, International Information Returns, Uncategorized
The United States taxes its citizens and residents on their worldwide income. The Internal Revenue Service requires U.S. taxpayers to file information returns concerning foreign assets, accounts, and...
Americans’ Interests in Foreign Partnerships Reportable on Form 8865
Posted on: December 15, 2018 | By: Stephen Dunn | Delinquent International Information Return Submission Procedures, Form 8865, International Information Returns, Uncategorized
A U.S. taxpayer whose interest in a foreign partnership meets a specified threshold must file with his U.S. income tax return Form 8865, Return of U.S. Persons With...