Foreign Bank Account Tax Amnesty Attorney: Internal Revenue Service IRS introduced new 2012 offshore voluntary disclosure program to encourage IRS taxpayers holding foreign or offshore bank accounts. Previous programs introduced in 2009 and 2011 have been extremely successful for the IRS. Based on the result of the Offshore Voluntary Disclosure…
California Tax Attorney: Internal Revenue Service IRS catches another tax evader. Another
California Tax Attorney: Last year Democrats Proposed 30% Tax on Foreign Banks that refuse to disclose US Taxpayers as part of continuing efforts by the IRS to quash offshore asset protection and tax evasion strategies conjured up by various financial planners. US Taxpayers with offshore or foreign bank account are…
Foreign Bank Account Tax Amnesty Attorney: Failure to file FBAR can have devastating consequences to a taxpayer. We attached a summary of potential penalties and criminal tax exposure related to an unfiled FBAR- FBAR Tax Penalty Summary. We’ve been receiving calls from stressed taxpayers regarding their unfiled FBAR- IRS Form…
FBAR Tax Attorney: Internal Revenue Service IRS issued a statement this week stating that they will be pursuing foreign bank accounts held by US taxpayers in other countries including South Korea, Hong Kong, Singapore and several European countries. US Senate also introduced a new tax and banking legislation which…
Foreign Bank Account Tax Attorney: If you are participating in the IRS Voluntary Disclosure program, you will be contacted by the IRS to review your case and conduct an interview so that the IRS may determine whether you qualify for the Voluntary Disclosure Program. In the upcoming posts, we’ll…
FBAR- IRS Voluntary Disclosure Attorneys Even if the taxpayer has missed the October 15, 2009, deadline, IRS voluntary disclosure program may still be available to those with delinquent FBAR, unreported income or undisclosed foreign bank accounts. However, taxpayers need to proceed with caution if they are considering filing their voluntary…
Los Angeles Tax Attorney: If you are looking for information on the IRS voluntary disclosure or the IRS FBAR program you can visit here FBAR – Why file IRS Voluntary Disclosure or here IRS Voluntary Disclosure for FBAR If you owe a debt to a bank or any other creditor…
Los Angeles Tax Attorney: Based on the numerous last minute IRS Voluntary Disclosures most tax attorneys expect a surge of US TAX COURT filings against the Internal Revenue Service to challenge the IRS tax and penalty assessments which may be proposed in the next several months. We’ll update you with…