Americans with Israeli Bank Accounts- Under Heightened Scrutiny in 2014

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Americans with Israeli bank or other financial accounts could…

“Quiet Disclosure” of Foreign Accounts- Not So Quiet As It Seems

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There are strong indications that going forward, the IRS will…

What to do if you failed to declare your closed foreign bank account that was open within the last six years?

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Even though you may have closed your foreign accounts years ago,…

Disclosing Foreign Bank Accounts Through the OVDI Program

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A taxpayer who has not disclosed foreign bank accounts to the…

Disclosing Foreign Accounts Through the Offshore Voluntary Disclosure Initiative

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IRS has established programs for taxpayers to voluntarily come…

IRS Processing Information Reported by Foreign Banks of their U.S. Accountholders

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The Department of Justice started pressuring Swiss Banks including…

IRS Enforcement Action to Combat Offshore Tax Evasion

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In his closing remarks, IRS Commissioner Doug Shulman affirmed…