The History (and Future) of Foreign Account and Tax Reporting
Over the past several years, the United States government has made foreign tax and reporting compliance key enforcement priorities. To best…
Source: lexology.com
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Forms 14654 and 14653 (IRS Streamlined Offshore Procedures)
The Streamlined Offshore Procedures is a program developed by the IRS to allow non-willful Taxpayers to safely disclose their previously unreported…
Source: lexology.com
Do I Qualify for Streamlined Domestic or Streamlined Foreign?
When a Taxpayer has failed to properly report their foreign accounts, assets, investments, and income to the U.S. Government — and they are…
Source: lexology.com
Do I Have a Form 3520 or 3520A Filing Obligation?
While there are many different types of international information reporting forms that US Persons may have to file to disclose their foreign accounts…
Source: lexology.com
FBAR: New Foreign Bank Account Reporting Playbook 2023
While Taxpayers may be required to file many different types of international information reporting forms each year in order to report their foreign…
Source: lexology.com