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
7

Form 5471 Instructions – Summary | IRS Form 5471 Instructions

Form 5471 Instructions – Summary | IRS Form 5471 Instructions Form 5471 Instructions: If you ask many of our clients, even the Form 5471 Instructions (designed to help you complete the form) is unnecessarily difficult. Form 5471 Instructions International Informational Reporting is hard. The IRS designed it that way. Even understanding the IRS Form 5471…

201708.12
4

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…

201708.09
0

FBAR Amnesty – Offshore FBAR Account Penalty | IRS Amnesty FBAR

FBAR Amnesty – Offshore FBAR Account Penalty | IRS Amnesty FBAR FBAR Amnesty: Using FBAR Amnesty for unreported foreign accounts is the process of trying to reduce or avoid stiff IRS penalties and FinCEN 114 Penalties associated with the non-filing or late filing of an FBAR aka FinCen 114 aka (“Form 114”) FBAR Amnesty  Golding…