Thinking of Invoking Your Fifth Amendment Right With Regard to FBAR
Most adults in the United States are familiar with the Fifth Amendment’s protection against forced self-incrimination. The protection is a part of the Bill of Rights and is typically associated with...
View ArticleDanger: Two More Financial Institutions Enter Swiss Bank Program
According to a Department of Justice press release, two more financial institutions have agreed to the terms of the Swiss Bank Program that was established by the DOJ. It was announced that Cornèr...
View ArticleEight New Financial Institutions Enter Swiss Bank Program
The Department of Justice was extremely busy last week in finalizing contractual relationships with Swiss banks that have opted to enter the DOJ’s Swiss Bank Program. The large addition to the program...
View ArticleFive New Financial Institutions Enter Swiss Bank Program
While many Americans are using the last few weeks of 2015 to take a break from work and spend valuable time with their families, the Department of Justice is hard at work ensuring that taxpayers with...
View ArticleTexas Tycoon Wyly Charged in Years-Long Offshore Tax Evasion Scheme
For years, Sam Wyly and his brother were known as “maverick investors” who bucked trends and used their insight and cunning to carve out an immense empire in the technology, restaurant, and retail...
View ArticleThe State of Offshore Tax Enforcement: 2016 Edition
Since at least the time of the global financial crisis, the IRS, DOJ, and all relevant branches of the U.S. government have stepped up their tax enforcement efforts. These enforcement efforts have...
View ArticleVideo Tax Assistance for Audit, Defense, and International Tax Issues
U.S. taxpayers living abroad are not excused from their U.S. tax obligations simply because they are outside of the country or not working in the United States. The United States is the only developed...
View ArticleUnion Bancaire Privée Joins Swiss Bank Program
Although the new year typically brings resolutions that aim to change a past habit or behavior, the Department of Justice has no such desire to change. Without skipping a beat, the DOJ has announced...
View ArticleEnd May Be Near for the Streamlined OVDP
Statements made by the Commissioner of the IRS late last year indicate that the streamlined version of the Offshore Voluntary Disclosure Program (OVDP) may soon be coming to an end, a move that may...
View ArticleGovernment Announces Swiss Bank Program Completion
For the past couple of years, we have brought our readers extensive information about the legal requirement to report foreign bank accounts to the federal government and how various programs and...
View ArticleFBAR Defendant Escapes Prison
We often deliver stories of U.S. residents who are sentenced to lengthy prison sentences because of tax noncompliance. Whether it be for failing to file in accordance with the Foreign Bank Account...
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Two Cayman Island Banks Plead Guilty to Tax Evasion Conspiracy
Two Cayman Island Banks Plead Guilty to Tax Evasion Conspiracy Putting American Taxpayers in Jeopardy Over the past several years, the war against hidden offshore accounts has appeared to the public...
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FATCA and FBAR Filings Hit New Records
FATCA and FBAR Filings for Taxes Hit New Records May Foreshadow a Tougher Approach to Offshore Noncompliance The obligation to file a Report of Foreign Bank and Financial Accounts (FBAR) has existed...
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Panama Papers Leak Shows that No Offshore Account Is Truly Secret
Panama Papers Leak Shows that No Offshore Account Is Truly Secret In recent days, news regarding the Panama Report and the revelation that politicians, public servants, and other members of the global...
View ArticleThree New Countries Accepted Into IRS Automatic Exchange Program: Yet Another...
The United States has come a long way from its past practice of being an isolationist nation, throughout most of the 19th century. With the globalization of trade and the ability to move freely about...
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California Restaurant Owner Charged with Obstructing the IRS, Immigration...
The post California Restaurant Owner Charged with Obstructing the IRS, Immigration Volations, and FBAR Noncompliance appeared first on Tax Attorney. According to a Department of Justice press release,...
View ArticleTrump and Foreign Bank Account Secrecy
The post Trump and Foreign Bank Account Secrecy appeared first on Tax Attorney. How Will a Donald Trump Presidency Handle Foreign Bank Account Secrecy or Will It At All? Last week, Donald J. Trump was...
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Former New York Professor Pleads Guilty to Expatriation Conspiracy
The post Former New York Professor Pleads Guilty to Expatriation Conspiracy appeared first on Tax Attorney. According to a Department of Justice press release, Dan Horsky, 71, of Rochester, New York,...
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DOJ Tax Division Discusses Tax Enforcement Priorities in 2016
The post DOJ Tax Division Discusses Tax Enforcement Priorities in 2016 appeared first on Tax Attorney. Recently, the Principal Deputy Assistant Attorney General Caroline D. Ciraolo appeared and...
View ArticleFacing a Tax Audit for Offshore Tax Issues? Special Rules Apply for Foreign...
The post Facing a Tax Audit for Offshore Tax Issues? Special Rules Apply for Foreign Document Requests appeared first on Tax Attorney. If you are facing a tax audit or other enforcement proceeding...
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