5 IRS Offshore Reporting and Penalty Defense Strategies   U.S. Taxpayers who are out of compliance for reporting foreign accounts, assets, and investments to the U.S. government may become subject to fines and penalties. And since the IRS has made offshore compliance a key enforcement priority, […]
  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 […]
    FBAR & FATCA  When it comes to international tax and reporting compliance, two of the most common acronyms you will come across in your research quest are FBAR (Foreign Bank and Financial Account Reporting, aka FinCEN Form 114) and FATCA (Foreign Account Tax Compliance […]
Reckless FBAR Explained One very common misconception about foreign bank and financial account (FBAR) penalties is that to become subject to IRS willful penalties, the taxpayer must have acted intentionally — but that is incorrect. In some instances, even if the taxpayer does not act with […]
Do You Have Foreign Accounts or Assets: 2025 FBAR Review U.S. Taxpayers who have foreign accounts, assets, and investments may have several international reporting forms to file each year in addition to filing their IRS Form 1040. While there are many different international reporting forms that […]