On April 2, 2009, the IRS announced they will reduce the penalty for not filing a Report of Foreign Bank and Financial Account, known as a ...
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Written by admin on September 25th, 2011
Written by admin on August 8th, 2011
On April 2, 2009 the U.S. Treasury rolled out a Voluntary Disclosure program (expiring on September 22, 2009). The goal of this program is to bring into the fold undisclosed foreign bank accounts and with them, a lot of tax revenue. The voluntary disclosure program is confiscatory and will ...
Written by admin on August 2nd, 2011
You know June 30th is the last day to report your foreign bank accounts details (fbar) to IRS. So remember, if you're an American citizen, and have over K in foreign bank account, savings ...
Written by admin on April 6th, 2011
Doing business outside of the U.S.? Have an Offshore bank account or Brokerage Account? Own more than 10% of a foreign country legal entity? (and some rules apply to even lower levels of ownership). ...
