Blog Posts in International Tax

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  • Benefits Of The Offshore Voluntary Disclosure Program
    Benefits Of The Offshore Voluntary Disclosure Program

    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 ...

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  • Filing Form 8938
    Filing Form 8938

    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 ...

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  • Why Use The Offshore Voluntary Disclosure Program?
    Why Use The Offshore Voluntary Disclosure Program?

    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 ...

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  • The Consequences Of Unreported Foreign Assets And Accounts
    The Consequences Of Unreported Foreign Assets And Accounts

    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 ...

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  • Participation In The Offshore Voluntary Disclosure Program
    Participation In The Offshore Voluntary Disclosure Program

    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 ...

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  • Warning Letters From Foreign Banks
    Warning Letters From Foreign Banks

    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 ...

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