GAO Report: IRS Collects $5.5 Billion from Offshore Disclosure Program, May be Missing More Tax Evasion
GAO Report: IRS Collects $5.5 Billion from Offshore Disclosure Program, May be Missing More Tax Evasion
National Taxpayer Advocate Criticizes IRS Handling of Offshore Voluntary Disclosures
The 2012 National Taxpayer Advocate’s Annual Report to Congress criticized current IRS practices in the Offshore Voluntary Disclosure…
IRS Issues Instructions for Streamlined FBAR Compliance
The IRS has issued instructions and a questionnaire to be used by eligible non-resident U.S. taxpayers who want to catch up on past-due filing requirements under new streamlined filing procedure that took effect on September 1, 2012.
IRS Updates FAQs for 2012 Offshore Voluntary Disclosure Program
The IRS recently released new Frequently Asked Questions (FAQs) for the 2012 Offshore Voluntary Disclosure Program (OVDP).
IRS Announces New Compliance Procedures for US Taxpayers Living Abroad
On June 26, 2012, the IRS made an Announcement IR-2012-65, rolling out the newest program in a plan to help US citizens residing overseas, as well as dual citizens, to catch up with their US tax filing obligations and provide assistance for people with foreign retirement plan issues. T