201808.13
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Australian Superannuation is Pension or Social Security for U.S. Tax

Australian Superannuation is Pension or Social Security for U.S. Tax We havre represented numerous clients from Australia in IRS international reporting matters. And, frequently, one of the most common questions we receive is: “What do I do about my Superannuation?“ Superannuation U.S. Taxation – Analysis We have put together our analysis of whether a Superannuation should be…

201808.13
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FBAR Maximum Penalty is not $100,000, U.S. Court of Federal Claims

FBAR Maximum Penalty is not $100,000, U.S. Court of Federal Claims — OVDP Expires Shortly They say hope springs eternal, but all the wishful thinking in the world is not going to cap your willful FBAR penalties at $100,000 at the US Court of Federal Claims, despite what a few District Courts have ruled –…

201808.12
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How Do I File an FBAR – Important Key Facts About FBAR Filing

How Do I File an FBAR – Important Key Facts About FBAR Filing The FBAR is the Report of Foreign Bank and Financial Account Form (aka FinCEN 114).  Our attorneys have authored countless articles on all the different types of issues involving the FBAR, including: How To File An FBAR FBAR Extension FBAR Willful FBAR…

201808.10
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IRS Coinbase Subpoena, Taxes & Penalties – IRS Pursues Crypto “Crime”

IRS Coinbase Subpoena, Taxes & Penalties – IRS Pursues Crypto “Crime” Recently, the IRS was awarded a subpoena to inspect documents from Coinbase — in order to uncover cryptocurrency related income. Specifically, the IRS is trying to determine: Which U.S. persons own cryptocurrency; Whether it is held on a U.S. or Foreign Exchange;  Has the person sold or…