Article by Lance Wallach Have A Foreign Bank Account? FBAR Deadline is here. Filing deadline for the IRS’s offshore tax amnesty (called the Offshore Voluntary Disclosure Initiative). IF you don’t comply you will get caught.For those with current offshore accounts, the deadline to file the annual Report of Foreign Bank and Financial Accounts (“FBAR”) is … Read more
Article by Lance Wallach Did you get a letter from the IRS threatening to impose this fine? If you haven’t already, you still may. Consider yourself lucky if you have not because this means that you have more time to straighten this situation out. Do not wait for this letter to come from the IRS … Read more
Offshore International Today Aug 2011 Lance Wallach You may want to think about participation in the IRS’ offshore tax amnestyprogram (called the Offshore Voluntary Disclosure Initiative). Do you want to play audit roulette with the IRS? Some clients think they are too small to be prosecuted. They are wrong. To the average businessperson, only … Read more