The IRS recently made changes to the 2012 Offshore Voluntary Disclosure Program (OVDP) and expanded the 2012 Streamlined Filing Compliance Procedures. The changes are as follows:
These “tax jokes” are the creative genius of The Unknown Tax Comic, who writes exclusively for TaxConnections. For more hilarious tax jokes, check out the
While the Swiss banking system’s reputation for hiding numbered bank accounts under a cloak of anonymity was once considered sacrosanct, the seal was broken on
Taxpayers with bitcoin accounts can breathe a small sigh of relief. According to the IRS, Bitcoin, also known as virtual currency, isn’t subject to FBAR reporting … at
U.S. taxpayers (or estates of individual U.S. taxpayers) seeking to use the Streamlined Domestic Offshore Procedures must satisfy the following requirements: (1) Fail to meet
If “FATCA” were a person and decided to enter a beauty pageant, it would be booed off the stage for being unsightly. If “FATCA” were
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