The FBAR Filing Requirement
By Stephen J. Dunn |
The United States taxes its citizens and residents on their worldwide income. To evade U.S. income tax, U.S. taxpayers were ...
Read More Foreign Accounts Compliance Update
By Stephen J. Dunn |
The first thing a taxpayer should do who is out of compliance with United States laws concerning foreign financial accounts ...
Read More VDP—IRS’ Updated Voluntary Disclosure Practice
By Stephen J. Dunn |
The Internal Revenue Service ended its Offshore Voluntary Disclosure Program (“OVDP”) effective September 28, 2018. Since then the IRS has ...
Read More Offshore Accounts Remain IRS Enforcement Priority
By Stephen J. Dunn |
At the American Bar Association Taxation Section’s annual meeting in Washington, D.C., in May, 2019, IRS representatives said the IRS ...
Read More