201708.25
2

Filing a False or Fraudulent FBAR – What are the IRS Penalty Risks?

False or Misleading FBAR Filing FBAR Audits are no longer uncommon. This is especially true now that the United States and the IRS in particular has made finding, locating, and penalizing individuals with unreported foreign accounts or offshore accounts a key enforcement priority. One of the biggest mistakes an individual can make when it comes…

201708.17
5

Form 5471 Instructions – IRS Form 5471 Example Analysis (2018)

Form 5471 Instructions – IRS Form 5471 Example Analysis (2018) Reporting Foreign Corporations to the IRS is a difficult  form, and may be required by some by U.S. Taxpayers with an interest in, or ownership of a Foreign Corporation. Form 5471 Instructions can be difficult to understand, so we are providing examples of how the…

201708.12
3

Which Offshore or Foreign Assets Do I Report to the IRS?

IRS Foreign Asset Reporting  Reporting Foreign Assets to the IRS is important (due to the excessive fines and penalties the IRS may issue for noncompliance). As an International Tax Law Firm that focuses exclusively on IRS Offshore Disclosure and Reporting Foreign Assets, Accounts, Investments, and Income to the United States Government (IRS, DOT & DOJ)…

201708.10
0

Citizens Living Abroad Who Have Not Filed Taxes – We Can Help You

Citizens Living Abroad Who Have Not Filed Taxes If you are a U.S. Citizen living abroad and not filing taxes, it is important that you get into compliance before it’s too late (Read: Fines & Penalties). In fact, IRS has the authority to issue exceedingly high fines and penalties against individuals who are not in…