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Category: Offshore Account Update - Page 26

Thinking of Putting Your Money Offshore? Here Are a Few Things You Should Know

Offshore Account Update

Posted in on July 27, 2018

Are you a U.S. taxpayer who is thinking about opening an offshore financial account in a country outside of the United States? If you are, you are definitely not alone. There are ample reasons to open offshore accounts. You may spend time in another country and want to keep some money there; may want to have an overseas account where loved ones live; may want money outside the U.S. due to political or economic issues; or may simply want to diversify your assets so you have funds invested in a different currency in case the purchasing power of the dollar weakens.

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Offshore Investing in the Bahamas: Is It Coming to an End?

Offshore Account Update

Posted 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.

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Tougher International Tax Enforcement is On the Horizon

Offshore Account Update

Posted 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 More

OVDP Ends September 28, 2018

Offshore Account Update

Posted 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.

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The Global Industry of Tax Evasion…As Revealed By The Paradise Papers

Offshore Account Update

Posted 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 More

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