It was a question posed to US taxpayers by the IRS in the wake of the UBS scandal: do you feel lucky? The US offered
Read MoreTag: offshore-accounts
Numbers Rolling In For Offshore Amnesty
The IRS amnesty program for taxpayers who had previously failed to disclose income from offshore accounts ended last week on October 15. By all accounts,
Read MoreVoluntary Disclosure Program Ends Thursday
The voluntary disclosure program which allows US taxpayers to avoid criminal prosecution for not reporting foreign accounts ends on Thursday. No, you’re not reading an
Read MoreOffshore Voluntary Compliance Program Deadline Extended
The Internal Revenue Service (IRS) has announced an extension of the deadline for its Offshore Voluntary Compliance Program. The deadline, which was initially September 23,
Read MoreAsk The Taxgirl: Foreign Accounts & FBARs
Taxpayer asks: Hi Kelly, With all the publicity about UBS and foreign bank accounts, I have some concerns that a lot of parents may be
Read MoreUBS Settles With IRS
Um, that’s all we know. Really. I’ve been sent a trillion links on this today and despite pages and pages of content, nobody has any
Read MoreIRS To Millionaires: Show Me The Money
Those Housewives of New Jersey better brace themselves: the IRS has announced that it’s focusing its audits on wealthy individuals and corporations as part of
Read MoreG-20 Ready To Make A Statement About So-Called “Tax Havens”
For years, it was believed that you had to be mega-rich to have accounts in exotic locations. Switzerland, for example, was the millionaire’s playground. Billions
Read MoreNot Such A Slam Dunk
The NBA playoffs feel like they’ve gone on forever this season… But even they must pale in comparison to the feeling that Chris Cohan gets
Read MoreIRS Again Pursuing Offshore Funds
A federal court in San Jose, California, gave the IRS permission to ask PayPal Inc. for account information for American taxpayers who have bank accounts,
Read More