IRS Extends Deadline for Offshore Accounts Amnesty Program
IRS Extends Deadline for Offshore Accounts Amnesty Program until October 15, 2009
FBAR Voluntary Disclosure Deadline is Near
IRS Voluntary Disclosure Program for offshore bank accounts and Foreign Bank Account Report (“FBAR”) is going to expire next week, on September 23, 2009
Details of the Settlement Reached Between UBS AG and U.S. Government
On August 19, 2009, the IRS and UBS AG, one of the major Swiss banks, announced the terms of the settlement reached in a “John Doe” summons enforcement case brought by the U.S. Government to reveal the names of American account holders of UBS Swiss...
Is the End of Section 530 Relief in Sight?
There is a new piece of legislation pending in Congress which can substantially change relief currently available to employers who may have misclassified workers as independent contractors. James McDermott, a Washington State Congressman, has introduced legislation...
IRS Extends Due Date for Filing Some FBARs
IRS extends due date for filing some FBARs
The IRS issued a new notice, Notice 2009-62, 2009-35 IRB, which extends the due date for filing Form TD F 90-22.1 (Report of Foreign Bank and Financial Accounts (FBAR)) in certain cases.
The extension applies only to the following individuals:
(i) persons with signature authority over, but no financial interest in, a foreign financial account, and
(ii) persons with a financial interest in, or signature authority over, a foreign commingled fund.