eBook | Foreign Asset Reporting: Navigating the Choppy Financial Seas.

Hulk Hogan Pins Gawker: Awarded $115 Million in Privacy Suit

Author Ryan Holiday recently published a book on one of the most salacious conspiracies of modern time. His book is called, “Conspiracy: Peter Thiel, Hulk Hogan, Gawker, and the Anatomy of Intrigue” and I highly recommend it. Here are the players in this highly acclaimed case: Peter Thiel: He is a technology investor and an […]

Big Win for Taxpayers in A Watershed “Willful” FBAR Penalty Case

I’m a little slow in getting around to this one, but back on September 20, 2017, the Eastern District of Pennsylvania released a taxpayer-friendly opinion regarding the “willfulness” standard in FBAR penalty cases. In Bedrosian v. United States, Case No. 2:15-cv-05853-MMB (E.D. Pa., Sept. 20, 2017), the district court held that the government had not met its burden of proof […]

Waving Sayonara to OVDP

On March 13, 2018, the Internal Revenue Service revealed that it will begin to wind down the 2014 Offshore Voluntary Disclosure Program (OVDP) and close the program on Sept. 28, 2018. By alerting taxpayers now, the IRS intends that any U.S. taxpayers with undisclosed foreign financial assets have time to use the OVDP before the program closes. […]