201701.29
0

Increased IRS Audits for Streamlined Disclosure Cases & Certifications

Increased IRS Audits for Streamlined Disclosure Cases & Certifications When it comes time for you to apply to the IRS Streamlined Offshore Disclosure Program there are two main factors to keep in mind: First, you should make sure you negotiated a flat-fee arrangement that includes audit representation, and Second — that you utilize a dually-licensed…

201701.27
0

What Happens if I Do Not Reply to a Bank’s FATCA Request to Certify?

If a person does not respond to their Foreign Financial Institution’s (FFI) FATCA Request, chances are the Foreign Financial Institution will report them to the United States as a U.S. Account Holder. If the IRS realizes that the U.S. person did not properly complete the necessary annual forms such as a FATCA Form 8938, FBAR…

201701.26
3

FATCA Reporting – Which Foreign Assets do Individuals Report?

FATCA Reporting – Which Foreign Assets do Individuals Report? FATCA Reporting The IRS requirements for offshore filing and FATCA reporting of foreign assets is complex. FATCA has become a harsh reality for millions of people. Millions of U.S. account holders must report foreign assets to the IRS each year. FATCA Reporting Common questions we receive…