Blog Posts in International Tax

If you are a taxpayer with undisclosed foreign accounts or offshore bank accounts, you need to take advantage of the IRS Offshore Voluntary Disclosure Program (OVDP). The OVDP may be your last ...

The Foreign Account Tax Compliance Act (FATCA), which passed as part of the HIRE Act, requires certain people to report, depending on the value, foreign assets and foreign financial accounts. You may ...

The sooner, the better. However, you should participate before the IRS finds you or ends the OVDP. If the IRS finds you, it may be too late. Each second you delay is costing you more money and ...

Why Worry About Unreported Foreign Assets Or Accounts? United States citizens, residents — including green card holders — and certain other qualifying people must report their worldwide income and ...

How To Participate In The IRS Offshore Voluntary Disclosure Program (OVDP)? To participate in the IRS Offshore Voluntary Disclosure Program (OVDP), applicants generally must provide the IRS ...

Did you receive a letter from a foreign bank claiming that your personal information might be revealed to the U.S. Department of Justice and/or IRS? Are you confused as to what this letter actually ...