Comments Off on Feds Push Jail For Tax Crimes: Like Your Cell, Keep Your Cell
Does jail work is a large and complex question. But prosecutors are trained to want it and to push hard, in some sectors more than others. Tax charges are [...]
Comments Off on Beanie Babies creator gets probation for tax evasion
(Reuters) - The billionaire creator of Beanie Babies, Ty Warner, will serve two years of probation, including mentoring high school students, following his [...]
Comments Off on Push for FATCA Agreements Continues With 12 Pacts Signed, More Under Way
By Alison Bennett
Dec. 10 – The push for agreements to implement the Foreign Account Tax Compliance Act continues as the U.S. government works with dozens [...]
Comments Off on IRS not fully ready for law against offshore tax evasion: watchdog
WASHINGTON (Reuters) - The Internal Revenue Service has spent 19 months and more than $8.6 million getting ready to enforce a new law against offshore tax [...]
Comments Off on What To Say When (Not If) Your Offshore Bank Asks, ‘Are You Compliant With IRS?’
More than 7 million Americans live abroad, and most have bank accounts there. Many other Americans have overseas bank accounts too. Most are receiving [...]
Comments Off on What’s FATCA? Global Banking Meets NSA But Reports To IRS
FATCA was quietly enacted in 2010 in a big messy bill called the Hiring Incentives to Restore Employment Act of 2010 (P.L. 111-147). Who names these bills? If [...]
Comments Off on U.S. Inks FATCA Tax Deals With 9 Nations, Pursues 80 More During 6 Month Reprieve
The war on tax evasion is no secret. It started with the U.S., which is still the big driver. But the war extends outward like the spokes of a wheel. And the [...]
Comments Off on FATCA’s Bleak Choices For Accounts, Income, Disclosure
Is any offshore income, account or trust still secret? The only safe assumption is no. And contrary to public opinion, it is not merely a prospective problem. [...]
Comments Off on Is Filing Your First FBAR Admitting To A Crime?
Is filing your first FBAR admitting to a crime? Hardly, but this is a common worry. Perhaps you learned only recently that you had to file annual FBARs for [...]
Comments Off on Beware Global IRS Reach – And Very Long Memory
Does the IRS forgive or forget? Rarely, and when it comes to offshore accounts, even more seldom. The IRS quest for offshore accounts–some call it a [...]