FBAR Civil Penalty Cases
FBAR penalties are assessed for both willful and non-willful violations. Penalties for willful violations carry significantly larger penalties. For clients wishing to correct past non-compliance, …
FBAR penalties are assessed for both willful and non-willful violations. Penalties for willful violations carry significantly larger penalties. For clients wishing to correct past non-compliance, …
FATCA India Compliance for Investments in India For US residents with investments in India, compliance with FATCA and the US tax code can be burdensome. …
Is a Quiet Disclosure Ever a Good Option in Non-Willful Cases? What is a Quiet Disclosure? In a non-willful failure to file FBARs and report …
Foreign Bank and Account Reporting on the FBAR If you are a US citizen or tax resident, you may have a foreign bank account reporting …
5 Things You Should do if You have Unreported Foreign Income Learn about what to do if you have unreported foreign income and accounts. Non-Compliance …
The Foreign Investment in Real Property Tax Act (FIRPTA) was enacted in 1980 in order to impose a tax withholding requirement on foreign persons disposing …
IRS to Assign Millions of Collections Accounts to Private Debt Collectors The IRS announced several months ago of its plans to assign millions of taxpayer …
Types of IRS Audits Many taxpayers will deal with an IRS audit at some point in their lives. It may be a simple correspondence audit, …
US Citizens Owing Back Taxes Now Getting Passports Revoked More travel complications are in store and it’s not just for foreigners. Under new rules to …
Discharging Tax Debt Under Chapter 7 A common misconception is that federal taxes cannot be discharged through bankruptcy. A Chapter 7 filing can be a very …