Will Bank Hapoalim be the next foreign bank to fall to DOJ/IRS?
We are seeing signs that the US Department of Justice and the IRS are gearing up their investigation and possible prosecution of Israeli bank HaHapoalim for tax fraud. The basis of such a tax fraud...
View ArticleIt’s Tax Season Again: April 15, 2016 Income Tax Deadline also Includes...
It is tax season once again, which means that readers should be reminded that the U.S. Internal Revenue Code taxes world-wide income. Thus, if you are a U.S. taxpayer and you have income from foreign...
View ArticleForeign Assets and IRS Reporting: A Primer for Tax Season
It’s tax season once again and we take this opportunity to remind readers of important ongoing tax reporting requirements that must be met with respect to foreign financial assets. Whether you have...
View ArticleThe FBAR form, Report of Foreign Bank and Financial Accounts, is due by June...
Once again, the FBAR deadline is upon us. The FBAR, the Report of Foreign Bank and Financial Accounts, previously known as Treasury Department Form TD F 90-22.1 and now known as FinCEN Form 114, is...
View ArticleIRS Reporting Requirements for Foreign Trusts
New Article: IRS Reporting Requirements for Foreign Trusts … Read More The post IRS Reporting Requirements for Foreign Trusts appeared first on Asset Lawyer.
View ArticleUpcoming Webinar: FBAR / US Tax Reporting and Compliance for Foreign Assets
On September 29, 2016, Asher Rubinstein will be the featured speaker in a live webinar, FBAR and U.S. Tax Reporting and Compliance Requirements for Foreign Assets. Since the Foreign Account Tax...
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Currency is Virtual, but Real Time is Ticking for Voluntary Disclosure of...
In the latest step by the IRS to address taxation issues in the digital on-line economy, the IRS has filed its first enforcement against convertible virtual currency, targeting tax abuse of...
View ArticleLive Webinar Featuring Asher Rubinstein: FBAR, US Reporting and IRS...
Asher Rubinstein will be a featured speaker in an upcoming Strafford live webinar, “FBAR and U.S. Tax Reporting and Compliance Requirements for Foreign Assets” scheduled for Tuesday, June 20, 2017 at...
View ArticleIs Your Bitcoin Tax Compliant?
The value of Bitcoin has surged 125% in 2017 alone. In addition to its value ascent, it has also gained in legitimacy. While it was once the currency of choice on the illicit Silk Road “dark web”,...
View ArticleOffshore Accounts, IRS Compliance and the Streamlined Voluntary Disclosure...
The IRS maintains an Offshore Voluntary Disclosure Program (OVDP) whereby eligible taxpayers can self-declare previously undeclared foreign assets in return for lower penalties. The more recent...
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