Prospective clients often ask me, “What is the likelihood of my unreported offshore bank account being discovered?” My answer is always: “Very likely if you are caught.” I don’t mean to be cute by answering thus....
Category: Uncategorized
COMPROMISE AND TAX REFORM – THE LOST ART
February 23, 2017
Departing from offshore tax issues, this post offers a philosophical discussion of the lost art of compromise and how ideology is hampering the ability of congress to govern. Even within the GOP, now in control of both...
IRS Committed to Stopping Offshore Tax Cheating; Remains on “Dirty Dozen” List of Tax Scams for 2017
February 16, 2017
IRS Newswire Issue No. IR-2017-35, February 16, 2017 is reproduced below in its entirety. WASHINGTON — The Internal Revenue Service today said avoiding taxes by hiding money or assets in unreported offshore accounts remains...
2016 FILING STRATEGY FOR OFFSHORE NONCOMPLIANT TAXPAYERS
February 2, 2017
I have previously posted on the need for those who are still out of compliance with U.S. tax law to become compliant with their 2016 tax and FBAR filings. “See post of 11/17/16 Taxpayers Must Become Compliant with U.S....
DISTRICT COURT CONTINUE TO REQUIRE ONLY A PREPONDERANCE OF THE EVIDENCE TO SUPPORT A FINDING OF WILLFULNESS IN FBAR PENALTY ENFORCEMENT CASES.
December 18, 2016
The U.S. District Court for the Central District of California in U.S. v. August Bohanec and Maria Bohanec Case No. 215-CV-4347 ddp (FFMx) (filed...