Page 7 - Voluntary Disclosure Program News Today

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)...

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…

Houston tax lawyer Carlos Kepke had been tutoring rich Americans like Robert F. Smith for decades on how to move assets offshore when an undercover agent posing as a bar owner turned up in 2018.

Carlos Kepke, who advised Robert Smith, is one of many enablers that help Americans hide untaxed billions abroad, according to the IRS.

Susy Suryani of Suryani Suyanto & Associates explains how the second round of Indonesia’s Tax Amnesty program works, and analyses how the government can learn from the successes and failures of the initial round in 2016.

B. Bawono Kristiaji and Denny Vissaro of DDTC explain how tax control frameworks (TCF) are growing in importance among taxpayers as the Indonesian tax landscape changes.

The IRS wants to encourage Voluntary Disclosure participation and reduce Taxpayer uncertainty, but its current Voluntary Disclosure Program is not set up for success according to the...

In our previous Article on this series, we have discussed the provisions regarding Income Tax Law and VAT Law, regulated in the Harmonization of Taxation Regulations ("HPP Law").

JPNN.com English : Many entrepreneurs have ended up participating in the tax amnesty, one of whom was Mohammad Jusuf Hamka.