Tax Law

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What You Should Know About FBAR Penalty Mitigation
Posted on 18 Dec 2012 by Karen Yip

By Karen Yip, LexisNexis Federal & International Tax Analyst The IRS requires the Report of Foreign Bank and Financial Accounts, TD F 90-22.1 (commonly known as the Foreign Bank Account Report, or "FBAR"), when a U.S. person has a financial... Read More

Tags: IRS , FBAR , Foreign Banks and Financial Accounts , foreign financial accounts , statutory penalties , tax penalties , Foreign Bank Account Report , tax crimes , International Taxation , penalty mitigation

What You Should Know About FBAR Penalty Mitigation
Posted on 1 Mar 2012 by Karen Yip

By Karen Yip, LexisNexis Federal & International Tax Analyst The IRS requires the Report of Foreign Bank and Financial Accounts, TD F 90-22.1 (commonly known as the Foreign Bank Account Report, or "FBAR"), when a U.S. person has a financial... Read More

Tags: IRS examiners , IRS , FBAR , Foreign Banks and Financial Accounts , foreign financial accounts , statutory penalties , tax penalties , Foreign Bank Account Report , tax crimes , International Taxation , penalty mitigation

Further Guidance on Foreign Financial Asset Reporting
Posted on 3 Jul 2012 by Rufus Rhoades

[ Editor's Note: This narrative is derived from Rhoades & Langer, U.S. International Taxation and Tax Treaties, Chapter 9 (Matthew Bender) .] Virtually all individual taxpayers (and certain entities called "specified domestic entities"... Read More

Tags: offshore bank accounts , foreign bank accounts , tax returns , foreign financial asset reporting , Rufus Rhoades , Rhoades Langer , Foreign Financial Assets , tax penalties , International Taxation , foreign financial institutions , innocent spouse

Further Guidance on Foreign Financial Asset Reporting
Posted on 3 Jul 2012 by Rufus Rhoades

[ Editor's Note: This narrative is derived from Rhoades & Langer, U.S. International Taxation and Tax Treaties, Chapter 9 (Matthew Bender) .] Virtually all individual taxpayers (and certain entities called "specified domestic entities"... Read More

Tags: offshore bank accounts , foreign bank accounts , tax returns , foreign financial asset reporting , Rufus Rhoades , Rhoades Langer , Foreign Financial Assets , tax penalties , International Taxation , foreign financial institutions , innocent spouse

What You Should Know About FBAR Penalty Mitigation
Posted on 1 Mar 2012 by Karen Yip

By Karen Yip, LexisNexis Federal & International Tax Analyst The IRS requires the Report of Foreign Bank and Financial Accounts, TD F 90-22.1 (commonly known as the Foreign Bank Account Report, or "FBAR"), when a U.S. person has a financial... Read More

Tags: IRS examiners , IRS , FBAR , Foreign Banks and Financial Accounts , foreign financial accounts , statutory penalties , tax penalties , Foreign Bank Account Report , tax crimes , International Taxation , penalty mitigation