201908.28
1

False IRS Streamlined Procedures Submission Leads to Indictment

False IRS Streamlined Procedures Submission Leads to Indictment We specialize exclusively in IRS Offshore Disclosure, including Streamlined Domestic Offshore Procedures and Streamlined Foreign Offshore Procedures. In recent months, the IRS has increased the auditing of streamlined submissions. And, if the audit goes bad, a person could end up in the same boat as M. Booker…

201908.26
0

Florida FBAR Penalty – Court Denies $15MM Motion on Willfulness

Florida FBAR Penalty – Court Denies Taxpayer $15MM Willful Motion While the IRS has been somewhat successful in pushing for summary judgment (or at least partial summary judgment) in various FBAR cases worldwide — Taxpayers have not been so lucky with summary judgment motions against the IRS. Recently, a judge in Florida ruled against Defendant…

201908.25
1

California FBAR Penalty $120MM & Kovel Confidentiality Limitations

California FBAR Penalty $120MM & Kovel Confidentiality Limitations While almost everything is bigger in Texas, that does not seem to include FBAR penalties. In Burga, the IRS seeks $120,000,000 in FBAR penalties against a U.S. account holder (and estate) in California. California FBAR Penalty¬† As with everything involving the IRS, international tax, and IRS offshore…

201908.23
0

Apologies from Golding & Golding, A PLC

Hello. Welcome to our website. Whether you’re new to our site or have been a long-time follower, we want to sincerely apologize for the website being offline the last couple of days. Our website is a little under 10 years old and our site has pretty much been online 24/7. When we started our site,…

201908.18
2

IRS Streamlined Amnesty 2019 – How to Apply & Who Should I Hire?

IRS Streamlined Amnesty 2019 – How to Apply & Who Should I Hire? The 2019 IRS Streamlined Domestic Offshore Procedures and Streamlined Foreign Offshore Procedures are on shaky ground. These two programs were designed by the Internal Revenue Service as a temportary fix to help non-willful taxpayers get into offshore (FATCA and FBAR) compliance with…