201806.28
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Cryptocurrency & FATCA Form 8938 (2018) – Crypto a Financial Asset?

Cryptocurrency & FATCA Form 8938 (2018) – Crypto a Financial Asset?  Under most circumstances, if you have your cryptocurrency on a Financial Exchange, in a Crypto Bank Account, or you invested in a Crypto Managed Fund, you may have a Form 8938 filing requirement. TL;DR There is a likelihood that once the dust settles, and…

201806.27
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FATCA Crime (2018) – How Foreign Accounts Can Lead to U.S. Prosecution

FATCA Crime (2018) – Foreign Accounts Can Lead to U.S. Prosecution Unfortunately, short term motives sometimes result in long-term consequences. FATCA Crimes are on the rise, and this summary will provide you an example of how foreign accounts can lead to U.S. prosecution. Criminal enforcement is becoming much more of a reality for individuals who…

201806.26
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FBAR Lawyer (IRS Reporting of Foreign Accounts on the FBAR)

FBAR Lawyer (IRS Reporting of Foreign Accounts on the FBAR) The FBAR is the Report of Foreign Bank Account and Financial Reporting Form (also known as FinCEN 114).  We are the International FBAR Lawyer firm that focuses exclusively on IRS Reporting of Foreign Accounts to the Internal Revenue Service. We are the only State Bar Board Certified…

201806.25
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Cryptocurrency Taxes (New Tax Guide, Important Bitcoin Tax FAQ)

Cryptocurrency Taxes (New Tax Guide, Important Bitcoin Tax FAQ) U.S & IRS Taxation and Reporting of Cryptocurrency: When it comes to the taxation of Bitcoin/Cryptocurrency, there is mass confusion in the marketplace –primarily due to the fact that there are many stones left unturned by the IRS, FinCEN, and foreign tax jurisdictions etc. when it comes…

201806.24
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IRS Audits of High Net Worth Individuals (2018) – Offshore Money

IRS Audits of High Net Worth Individuals (2018) – Offshore Money With the IRS terminating OVDP on September 28. 2018, along with increased enforcement of IRS Offshore Penalties for failing to report foreign accounts, assets, investments, and income to the IRS (aka Offshore Compliance), high net-worth individuals are at a greater risk.  According to the…