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.
Igor Drabkin will be speaking in an upcoming Strafford live web seminar, “FBAR and FATCA Update: Latest Foreign Account Reporting Developments”
The IRS recently released new Frequently Asked Questions (FAQs) for the 2012 Offshore Voluntary Disclosure Program (OVDP).
Tax Preparers Indicted for Tax Fraud Using Israeli Bank Accounts
The deadline for filing a Report of Foreign Bank and Financial Accounts (FBAR) is approaching and the taxpayers should file their FBAR forms (Form TD F 90-22.1) for the 2011 tax year no later than June 30, 2012.