Posts Tagged ‘Foreign Account Tax Compliance Act’

Offshore Tax Enforcement

Monday, January 19th, 2015

The IRS continues aggressive enforcement of civil and criminal penalties for failure to disclose foreign bank accounts. U.S. taxpayers, with previously undisclosed interests in foreign bank and other financial accounts, continue to seek advice regarding the most appropriate methods of coming into compliance with their U.S. filing and reporting obligations. Today, simultaneous voluntary disclosure programs […]