201904.07
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CPA or Attorney Says to Report Filing Forward for Offshore Accounts?

CPA or Attorney Says to Report Filing Forward for Offshore Accounts? Filing Forward for Offshore Accounts: Don’t. Do. It. It is not worth the risk. If you have not properly filed your international tax forms with the IRS to disclose your foreign and offshore accounts, you have legal, safe and effective options. Filing forward is…

201904.06
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MMA Fighter Wins by Settlement in FBAR Dispute with the IRS (2019)

MMA Fighter Wins by Settlement in FBAR Dispute with the IRS (2019) MMA Fighter Settles FBAR Dispute: MMA Fighter Royce Gracie battled the IRS on the issue of FBAR willful penalties, and wins by settlement before an appeal ruling was issued. While it may not be a win by knockout, chances are the settlement terms…

201904.04
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Form 8938 Reporting – Year-End Balance vs. High-Balance Example

Form 8938 Reporting – Year-End Balance vs. High-Year Balance Rules Form 8938 Reporting: Taxpayers with a high-year balance may sill have to file an 8938 to report foreign financial assets, even if their year-end balance is below reporting thresholds. Form 8938 Reporting – It is Part of your Tax Return Unlike other forms, such as…

201904.04
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IRS, Dubai & Singapore – Next up for Criminal Offshore Investigations

IRS, Dubai & Singapore (2019) – Next up for Criminal Offshore Investigations IRS, Dubai (UAE) and Singapore (2019): The IRS may now turn its focus on non-compliance of tax & reporting of accounts, assets, and income in the UAE and Singapore. Due to expansive non-compliance of offshore tax and criminal tax activity in the UAE…

201904.03
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Hiding Money & Assets in Unreported Offshore Accounts – IRS Dirty “12”

Hiding Money & Assets in Unreported Offshore Accounts – IRS Dirty “12” IRS Dirty Dozen for Unreported Offshore Account: U.S. Taxpayers who hide money or assets in unreported offshore accounts are at risk of major Offshore Fines and Penalties. If you hide money offshore, than you are not in IRS Offshore Compliance. And, unless you…