Tax Law

Recent Posts

Filing Compliance Procedures Challenge U.S. Taxpayers Residing Overseas
Posted on 22 Oct 2014 by Rufus v. Rhoades & Alexey Manasuev

Generally, [the 2012 Offshore Voluntary Disclosure Program] OVDP is designed for those delinquent U.S. taxpayers who have been holding financial assets overseas, have not been disclosing such assets to the U.S. government, have not been reporting... Read More

IRS Announces Another Offshore Voluntary Disclosure Program
Posted on 10 Jan 2012 by Asbury Law Firm

The IRS seems to have taken a nod from the legendary Yankee backstop, Yogi Berra, because "it's déjà vu all over again." On January 9, 2012, the IRS announced that it was "reopening" the Offshore Voluntary Disclosure... Read More

IRS Announces Another Offshore Voluntary Disclosure Program
Posted on 10 Jan 2012 by Asbury Law Firm

The IRS seems to have taken a nod from the legendary Yankee backstop, Yogi Berra, because "it's déjà vu all over again." On January 9, 2012, the IRS announced that it was "reopening" the Offshore Voluntary Disclosure... Read More

Additional FBAR Relief for Certain Foreign Financial Account Signatories
Posted on 21 Jun 2011 by LexisNexis Tax Center

by Keith J. Blum , Partner - Boies, Schiller & Flexner LLP On June 16, 2011, the IRS, in Notice 2011-54, further extended the deadline from June 30, 2011, to November 1, 2011, for the filing of the Report of Foreign Bank and Financial Accounts... Read More

Caplin & Drysdale International Tax Alert
Posted on 9 Jun 2011 by Caplin and Drysdale

Caplin & Drysdale, Chartered - International Tax Alert Recent Developments Relating to FBARs and Offshore Voluntary Disclosure Program By Lucy S. Lee and Scott D. Michel Last week was a busy week for the IRS. The IRS has made several important... Read More