Offshore Account UpdatePosted in on June 29, 2018
A Washington DC tax attorney provides help to taxpayers who are invested offshore and who are concerned about the ongoing crackdown that has affected many foreign financial institutions.
Read MoreOffshore Account UpdatePosted in on April 30, 2018
If the IRS has questions about your tax returns or if you are under investigation by the IRS, it's important for you to reach out to a Washington DC tax audit attorney who can help you.
Read MoreOffshore Account UpdatePosted in on March 31, 2018
In 2009, the IRS launched a voluntary disclosure program for taxpayers affiliated with the United States who had undeclared offshore investment accounts. The voluntary disclosure program was intended to encourage U.S. affiliated taxpayers to come forward, report their accounts voluntarily and pay a reduced penalty. Taxpayers who came forward would also be protected from criminal prosecution if they were eligible to participate in the voluntary disclosure program.
Read MoreOffshore Account UpdatePosted in on February 28, 2018
German reporters received 13.4 million confidential electronic documents as part of a major leak of financial records. These confidential electronic documents shed light into offshore investing and shed light into the ways in which wealthy individuals and companies from around the globe avoid or evade taxes by parking their money in different parts of the world. The documents have been dubbed, “The Paradise Papers.”
Read MoreOffshore Account UpdatePosted in on January 31, 2018
The IRS has become increasingly aggressive in trying to hunt down undeclared funds to fight tax evasion. In addition to going after accountholders with offshore holdings, the IRS has also begun to look hard at transactions involving Bitcoin and other virtual currencies.
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