How Does the IRS Determine “Willfulness”?
Contents1 Penalties for willful failure to file an FBAR2 What is a willful failure to file an FBAR?3 How is Willfulness Proven?4 Fact patterns that …
Contents1 Penalties for willful failure to file an FBAR2 What is a willful failure to file an FBAR?3 How is Willfulness Proven?4 Fact patterns that …
Latest FATCA Developments for US Citizens with Foreign Bank Accounts Foreign financial institutions (FFIs) are continuing to send FATCA letters to their US citizen account holders. …
FATCA Forms from Offshore or Foreign Bank Account Foreign financial institutions (FFIs) around the world are continuing to send out FATCA letters or FATCA forms to …
If you are not yet a U.S. tax resident but plan to be in the future, the are some tax strategies that can be used …
For U.S. taxpayers with foreign financial assets or income, there are various applicable penalties for non-compliance. With the exception of willful FBAR penalties, these penalties …
Contents1 Tax Guide for Expatriates and Foreign Nationals2 General Rule2.1 What is a Resident?3 Expatriates3.1 Foreign Earned Income Exclusion3.2 Foreign Tax Credit3.3 Foreign Earned Income …
Contents1 IRS to Assign Millions of Collections Accounts to Private Debt Collectors1.1 Why is this happening?1.2 Has this happened before?1.3 How will this affect taxpayers …
Contents1 Types of IRS Audits1.1 Correspondence Audit Program1.2 Automated Underreporter Program (AUR)1.3 Office Audits1.4 Field Audits Types of IRS Audits Many taxpayers will deal with …
Contents1 US Citizens Owing Back Taxes Now Getting Passports Revoked2 Certification of Individuals with Seriously Delinquent Tax Debt2.1 What is Seriously Delinquent Tax Debt?3 Revoking …
Contents1 Discharging Tax Debt Under Chapter 72 What is Chapter 7 Bankruptcy?3 What does Filing a Chapter 7 do to Taxes?4 Will my Tax Debt …