Posts in How to Protect Yourself & Clients in IRS Criminal Investigations

A Delinquent FBAR Penalty Amnesty Program Closes

The IRS Terminates the Delinquent FBAR Penalty Amnesty (DFSP) Program

The IRS Signals the End of Delinquent FBAR Submission Procedures For many years, U.S. Taxpayers who had only unreported foreign accounts and assets and only needed to file the FBAR (FinCEN Form 114) each year could use the Delinquent FBAR Submission Procedures (DFSP) to achieve compliance. Under the Delinquent FBAR Submission […]
by International Tax Lawyers
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All About Foreign Information Tax Returns & IRS Penalty Basics

All About Foreign Information Tax Returns & IRS Penalty Basics

  Everything About IRS Foreign Information Tax Return Penalties  Each year, millions of U.S. taxpayers worldwide are required to report their foreign accounts, assets, and investments to the IRS and the U.S. government on various international information reporting or ‘foreign information’ IRS returns. There are many […]
by International Tax Lawyers
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Everything About FBAR Penalties You Must Know

Everything About FBAR Penalties You Should Know (Examples)

FBAR Penalty Overview When reporting foreign accounts, assets, and investments to the IRS, the most common international information reporting form that most taxpayers may have to file is the FBAR (aka FinCEN Form 114).  Unlike other international reporting forms taxpayers have to file, this form is […]
by International Tax Lawyers
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Board-Certified Tax Law Specialist

What is a Board-Certified Tax Law Specialist (How to Spot a Fake)

  Board-Certified Tax Law Specialist Summary When an Attorney refers to themselves as a Tax Law Specialist, it does not mean they are ‘board-certified’ in Tax. The term “specialist”, when it comes to tax, connotes that a person handles that specific area of tax exclusively; in […]
by International Tax Lawyers
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