Deadline for Offshore Voluntary Disclosure Initiative is Near
The IRS is reminding taxpayers that the deadline for the 2011 Offshore Voluntary Disclosure Initiative (OVDI) will expire on August 31, 2011.
Swiss Government Adopts New Standards On Bank Secrecy and Tax Offenses
On Wednesday, July 6, 2011, the Swiss government adopted standards on banking secrecy laid out by the Organization for Economic Cooperation and Development, or OECD, which will allow foreign authorities to pursue citizens suspected of using hidden Swiss accounts for tax evasion.
IRS Extends FBAR Filing Deadline for Certain Individuals
In Notice 2011-54, the IRS has extended the deadline for persons who have signature authority over, but no financial interest in, foreign financial accounts to file Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR). They now have until November 1, 2011, to report their signature authority over such accounts during 2009 and earlier years. The deadline for 2010, however, remains unchanged at June 30, 2011.
Igor Drabkin Named 2011 Rising Star by Super Lawyers
Holtz, Slavett & Drabkin congratulates Igor Drabkin on being selected as a Rising Star® in the field of Tax Law by Super Lawyers for the third consecutive year. The Rising Star® distinction recognizes the “top up-and-coming attorneys” in Southern California. The...
IRS Posts New Frequently Asked Questions for the 2011 OVDI Program
IRS Posts New Frequently Asked Questions for the 2011 OVDI Program