201510.29
0

FBAR Audit – Case Study Example of an IRS FBAR Investigation (2018)

FBAR Audit – Case Study Example of an IRS FBAR Investigation (2018) FBAR Audits are on the rise. And, due to the introduction and enforcement of FATCA, IRS FBAR audits in particular can be a very traumatic experience for individuals and businesses alike. Moreover, if the IRS tax audit also includes international tax issues, the stakes…

201510.28
0

OVDP | Foreign Accounts, Taxes & Penalties – International Tax Lawyers

OVDP is the Offshore Voluntary Disclosure Program and it is one of the main ways individuals and businesses with unreported foreign accounts try to get compliant with IRS tax law in order to avoid audit, which can result in extremely high monetary penalties as well as possible referral for criminal investigation. Often times, when individuals…