by Arthur Geffen | Jun 20, 2014 | Income Tax, Off Shore, Offshore
The days of hiding assets in accounts overseas are coming to an end, says the Internal Revenue Service. On Wednesday, the IRS announced changes to its 5-year-old campaign to force greater tax compliance from millions of Americans with undisclosed foreign...
by Arthur Geffen | Aug 8, 2013 | FBAR, IRS, Off Shore
There are both civil and criminal penalties for failure to file a Foreign Bank Account Report 90-22.1 (FBAR). Criminal Penalties: FAQ #6: What are some of the criminal charges I might face if I don’t come in under OVDP and the IRS examines me? Possible criminal...
