Blog Posts in 2014

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  • Offshore Voluntary Disclosure Program Changes
    Offshore Voluntary Disclosure Program Changes

    The Offshore Voluntary Disclosure Program (OVDP) has been recently updated. Our Fort Lauderdale and Miami tax attorneys can assist you during your disclosure process and advise you on the best course ...

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  • IRS Commissioner's Remarks at Conference Hint at OVDP Changes
    IRS Commissioner's Remarks at Conference Hint at OVDP Changes

    Speaking at an International Tax conference recently, the commissioner of the Internal Revenue Service implied that changes might be in the works for the agency's offshore voluntary disclosure program ...

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  • Florida Man Hit with Record Tax Penalty on Swiss Bank Account
    Florida Man Hit with Record Tax Penalty on Swiss Bank Account

    A jury in Miami recently found that a Coral Gables man could owe civil penalties of $2.24 million for a secret Swiss bank account he held, Bloomberg reported. This sum is noteworthy due to its large ...

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  • Recent Treasury Notice Regarding 'Transition Period' Not a Delay of FATCA Implementation
    Recent Treasury Notice Regarding 'Transition Period' Not a Delay of FATCA Implementation

    The U.S. Department of the Treasury recently announced that the current and next calendar years will be a "transition period" for complying with the Foreign Account Tax Compliance Act's requirements. ...

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  • US, Australia Strike FATCA Agreement
    US, Australia Strike FATCA Agreement

    The U.S. Department of the Treasury has added the name of yet another nation -- Australia -- to its growing list of countries with which the US has reached an accord regarding the reporting of ...

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  • Federal Court Rejects Bankers' Challenge to New Disclosure Requirements Triggered by FATCA
    Federal Court Rejects Bankers' Challenge to New Disclosure Requirements Triggered by FATCA

    The passage of the Foreign Account Tax Compliant Act (FATCA) created a broad new system for foreign institutions to report to the IRS about their American account holders. In order to secure the ...

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