Experienced Tax Attorneys

Call Us Confidentially Now: 617-692-2989

Call us confidentially now:

You Deserve Confidentiality & Trusted Tax Law Experience

Get Help Now


Archive by Month: August 2014

Banks Face Smaller Fines for Cooperating with Authorities

Offshore Account Update

Posted on August 26, 2014

U.S. taxpayers with offshore accounts are finding themselves facing increased pressure to report these investments. The risks of non-reporting become bigger every day, as the Internal Revenue Service and the Department of Justice have joined together to crack down on tax evaders. 

Read More

Streamlined OVDP Program Limited

Offshore Account Update

Posted on August 19, 2014

The Internal Revenue Service has developed amnesty programs to encourage taxpayers to come forward and voluntarily report offshore accounts that they may have failed to file forms on in the past. All United States citizens, including people living abroad, are required to file the Report of Foreign Bank and Financial Accounts (FBAR) annually or they face significant financial penalties.

Read More

Back to the top