Foreign Banks Continue Cooperation with DOJ
Foreign Banks Continue Cooperation with DOJ
IRS Form 8938 and FBAR (Form 114) Comparison
IRS Form 8938 and FBAR (Form 114) Comparison
Reminder: Deadline to File 2014 Foreign Bank Account Report (FBAR) is June 30, 2015
Holtz, Slavett & Drabkin would like to remind that U.S. Taxpayers who have financial interest in, or signature authority over, foreign financial accounts, which exceed $10,000 in total value, must file their Foreign Bank Account Reports (FBAR) on or before June...
More Swiss Banks Enter into Non-Prosecution Agreement with DOJ, Added to 50% FBAR Penalty List
More Swiss Banks Enter into Non-Prosecution Agreement with DOJ, Added to 50% FBAR Penalty List
Igor Drabkin Publishes an Article on International Tax Penalties
Igor Drabkin’s article “International Reporting Penalties — What to Expect and How to Fight Them” was published in the January 2015 edition of the CCH Journal of Tax Practice and Procedure.
IRS Updates List of Banks Whose Account Holders Are Subject to 50% Penalty
On January 30, 2014, the Internal Revenue Service updated its list of Foreign Financial Institutions or Facilitators, whose clients meet criteria for a 50% Penalty in the Offshore Voluntary Disclosure Program (OVDP).