Understanding Different Roles IRS Personnel Play in Your Case For some people, dealing with the IRS can be a scary and overwhelming process. They read some of the fear-mongering website online, and find themselves going down one rabbit hole after the next. It is important to realize that not all IRS personnel are created equal….
Streamlined Filing Attorneys – How to Hire Experienced Counsel?
Streamlined Filing Attorneys – How to Hire Experienced Counsel? Once you make the decision to submit to the IRS Streamlined Program, the next step is retaining effective and experienced representation for your Streamlined Disclosure legal and tax journey. On many occasions, clients have asked us to provide a bit of guidance to other individuals considering…
IRS Relief Procedures for Certain Former Citizens – How to Apply?
IRS Relief Procedures for Certain Former Citizens – How to Apply? The IRS has developed a new expatriation program. For individuals who have previously relinquished (or are considering relinquishing) their citizenship (aka expatriated), remained outside of the country, and have a limited tax liability — they are in luck. On Friday, September 6, 2019, the…
Incomplete IRS Offshore Disclosure Leads to More FBAR Penalties
Incomplete IRS Offshore Disclosure Leads to More FBAR Penalties 2019 seems to the year of the FBAR. Over the past year, there have been a number of different IRS cases involving the U.S. Government and the issue of FBAR Penalties. Incomplete IRS Offshore Disclosure On several occasions, the IRS has been able to prevail on…
US Citizen with UBS Swiss Account may Suffer Willful FBAR Penalty
US Citizen with UBS Swiss Account may Suffer Willful FBAR Penalty The U.S. government (unfortunately) has been on a hot-streak lately with the enforcement of FBAR penalties. The IRS has been able to get Courts across the nation to issue summary judgment (or at least partial summary judgment) on the issue of FBAR penalties and…