Archive for the ‘Streamlined’ Category.
November 2, 2017, 12:00 am
A terrific read on what Streamlined is and when Streamlined can be used without going to the more over reaching OVDP Offshore Voluntary Compliance Program, including some facts that may not support non-willful behavior.g
The Pitfalls of Streamlined Foreign Account Disclosures
Tax professio...
Click here for more December 29, 2016, 12:00 am
Recently, many tax return preparers have learned that a number of their clients failed to report their interest in a foreign bank account, corporation or trust to the IRS. Because the Foreign Account Tax Compliance Act (FATCA) requires foreign financial institutions to report their U.S. de...
Click here for more November 14, 2016, 12:00 am
An Alternative to Streamlined
It can take months to get a nonfiler back into compliance with the IRS.
By Jim Buttonow, CPA/CITP
November 7, 2016
- See more at: http://www.journalofaccountancy.com/newsletters/2016/nov/bring-nonfiler-bac-into-compliance.html
The IRS estimates th...
Click here for more August 30, 2016, 12:00 am
Written by Phil Bradford
Are you an American expat who owe money to the IRS? Or, are you thinking of escaping your US tax debt by moving abroad? If so, then beware! The IRS won’t leave you without grabbing its money. It’s because, the US has tax treaties with more than 42 countries,...
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