Mar 11, 2016
If you have signature authority over a foreign financial account, or any financial interest in such an account, you may be required by the Bank Secrecy Act to file a report (FBAR) with the U.S. Department of Treasury if those accounts exceed certain thresholds....
Feb 26, 2016
Regular readers of this blog may remember an earlier post discussing foreign bank and financial account reporting requirements (FBAR). That article discussed two voluntary disclosure programs, the Offshore Voluntary Disclosure Program (OVDP) and the Streamlined...
Feb 10, 2016
If you receive stock options as part of your employee compensation package, your company may have provided you with some general tax advice. However, most people require more extensive guidance in order to avoid the tax pitfalls, and seize the tax advantages, that...
Aug 5, 2015
Some U.S. taxpayers may have a tax liability they are simply unable to pay, a tax debt for which there is doubt as to liability, or a tax debt for which payment would cause a severe economic hardship. When this happens, the Internal Revenue Service (IRS) can choose to...
Jul 9, 2015
For taxpayers who owe a tax debt to the Internal Revenue Service, there are a number of options to resolve that debt. If you are unable to pay off your tax debt immediately, you may be a candidate for an IRS installment agreement, which will allow you to pay off your...
Jun 24, 2015
The United States government understandably wants its citizens and residents to pay taxes on the money they earn, especially when those funds are significant. To this end, the U.S. government has cast a wide net designed to identify and penalize tax abuse by U.S....
