Internal Revenue Service announced an amnesty program for taxpayers who had engaged in offshore activity and had not fully complied with the tax laws and/or Bank Secrecy Act. Use of foreign accounts by U.S. taxpayers; Foreign account reporting; Civil penalties; Criminal penalties; Procedure for ...
Permanent Resident, or Foreign National who meets the substantial presence test, they have various international tax and reporting requirements (FBAR, FATCA, 3520, 5471). Failure-to-report may result in fines and penalties. Taxpayers who are out of compliance may qualify for IRS Offshore Amnesty....
Former IRS Attorneys - Experienced Washington D.C. IRS Tax Audit Law FirmAlthough most tax disputes are resolved through the IRS audits and appeals procedure, if a favorable outcome cannot be achieved administratively, taxpayers have the right to litigate their cases in the federal court system. ...
Permanent Resident, or Foreign National who meets the substantial presence test, they have various international tax and reporting requirements (FBAR, FATCA, 3520, 5471). Failure-to-report may result in fines and penalties. Taxpayers who are out of compliance may qualify for IRS Offshore Amnesty....
taxpractice Not quite an amnesty IRS launches second voluntary disclosure initiative The deadline for the second special voluntary disclosure initiative is Aug. 31, 2011, and affected taxpayers need to begin as soon as possible. The initiative - like the first program, which expired in 2009 - is...
viaForm 14653 Certification by U.S. Person Residing Outside of the U.S.to become compliant. This limited tax amnesty solution for U.S. non-resident taxpayers holding noncompliantforeign accounts has a 0% penalty. Our legal team has advised and prepared hundreds of Streamlined cases with the ...