Page 25 - Disclosure Program News Today

Deputy Attorney General (DAG) Lisa Monaco announced several significant policy updates affecting the U.S. Department of Justice’s (DOJ) enforcement practices for both corporations and...

When a Taxpayer files an original tax return but then realizes that income was missed from the original return, they are supposed to go back and file…

Missing any deadline is stressful. But missing a tax deadline is more so. Per the Bank Secrecy Act (Title 31 of the U.S. Code), certain taxpayers must file so-called FBARs (currently FinCEN Form 114)...

The FBAR refers to Foreign Bank and Financial Account Reporting. Each year, US taxpayers who have foreign bank and financial accounts may have to…

On July 26, 2022, we published a blog post detailing part one of three of proposed regulations published by the New York State Office of Medicaid Inspector General (OMIG). The proposed...

It is not often that the United States Supreme Court hears matters involving taxes or tax-Related Issues. In addition, the Supreme Court has not…

A thorough overview of the IRS Criminal Investigation Division’s (“IRS-CI’s”) current voluntary disclosure practice, designed for taxpayers to potentially avoid or mitigate prosecution for violating IRS and information reporting laws.

When it comes to making an IRS Offshore Voluntary Offshore Disclosure of previously unreported foreign accounts, assets, investments, and income, the…

As a general matter, the FBAR is not a difficult tax form to prepare, at least for most taxpayers and their tax professionals. At its very basics, it merely asks for identifying...

As a general matter, the FBAR is not a difficult tax form to prepare, at least for most taxpayers and their tax professionals. At its very basics, it merely asks for identifying information regarding...