Page 6 - Voluntary Disclosure Program News Today

This is the last weekend before Christmas and many of us plan to shell out a lot of cash. Wouldnt it be great to get some of that money back?

This is the last weekend before Christmas and many of us plan to shell out a lot of cash. Wouldnt it be great to get some of that money back?

Taxpayers may already be in Sars’ sight due to detection of economic activity.

Several times a year, the Internal Revenue Service publishes Practice Units to assist IRS staff with understanding the application of rules…

Mr. Roberts is a Principal of the firm. He devotes a substantial portion of his legal practice to helping his clients successfully navigate and resolve their federal tax disputes...

The Bank Secrecy Act (“BSA”) requires United States persons (“USPs”) to file FinCEN Forms 114, Report of Foreign Bank and Financial Accounts (“FBARs”), for each calendar year in which...

This fall, the Supreme Court is set to hear an important case regarding the interpretation of the law that provides for penalties for failing to file an FBAR. The case will impact many ...

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...

When a US Person has foreign assets that they did not properly disclose to the Internal Revenue Service and FinCEN, they are considered to be out of…

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...