Foreign Accounts Compliance Blog

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

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

At the American Bar Association Taxation Section’s annual meeting in Washington, D.C., in May, 2019, IRS representatives said the IRS ...

Posted on: January 9, 2019 | By: Dunn Counsel |  Bank Secrecy Act, Paths to Compliance, Streamlined Procedures, The FBAR Filing Requirement, Uncategorized Many Americans become ...

The United States taxes its citizens and residents on their worldwide income.  The Internal Revenue Service requires U.S. taxpayers to ...

A U.S. taxpayer whose interest in a foreign partnership meets a specified threshold must file with his U.S. income tax ...

The United States taxes its citizens and residents on their worldwide income.  To ascertain U.S. taxpayers’ foreign income, the Internal ...

The United States taxes its citizens and residents on their worldwide income.  The Internal Revenue Service requires the filing of ...

A U.S. taxpayer whose interest in a closely-held foreign corporation meets a specified threshold must file Form 5471, Information Return ...

U.S. persons are required to report to the United States government concerning foreign financial accounts. A “U.S. person” is a ...