International Tax Lawyers – IRS Offshore Voluntary Disclosure

  What Taxpayers Should About Foreign Tax Return Penalties Each year, millions of U.S. taxpayers worldwide are required to report their foreign accounts, assets, and investments to the IRS and the U.S. government on various international information reporting or ‘foreign information’ IRS returns. There are many types of reporting forms that the taxpayer may have […]

FBAR Penalty Overview When reporting foreign accounts, assets, and investments to the IRS, the most common international information reporting form that most taxpayers may have to file is the FBAR (aka FinCEN Form 114).  Unlike other international reporting forms taxpayers have to file, this form is not an IRS form but a FinCEN form. The […]

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  FBAR (Foreign Bank and Financial Account)  The US Government requires US Taxpayers who own foreign assets and accounts to disclose this foreign account information on FinCEN Form 114 — otherwise known as the FBAR — in addition to filing a US Tax Return. FBAR refers to the Report of Foreign Bank and Financial Accounts, […]

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Do You Have Foreign Assets to Report: Offshore Review Guide U.S. Taxpayers who have foreign accounts, assets, and investments may be required to file several international reporting forms in addition to their IRS Form 1040 each year. While there are many different international reporting forms that taxpayers may need to file, two of the most common foreign...

  Manage Offshore Account Risks with Voluntary Disclosure Foreign accounts disclosure is the process of submitting prior year, previously undisclosed foreign account, asset, investment, and income information to the US government (IRS and FinCEN) in order to get into tax and reporting compliance. The IRS offers various ‘amnesty’ programs and there have been many versions...