State Offshore Voluntary Disclosure – Because One Tax-osaurus Rex Wasn’t Enough
The Tax-osaurus Rex, or the fearsome offshore voluntary disclosure programs, has made thousands of taxpayers panic since it smashed through the scene a few years ago. While some chose to run and probably ended up torn to parts by vicious raptors (collectors), others are trying to survive by disclosing their foreign accounts and making up […]
Changes to FBAR Are Right Around The Corner
Back on March 10, 2016, the Financial Crimes Enforcement Network (FinCEN) proposed rules that would trigger changes to the current reporting requirements for Form 114. It is anticipated that these proposed rule changes will become final well before the new April 15, 2017 deadline for the FinCEN Form 114. The proposed regulations as published in the Federal […]