If I File IRS Form 8938, Do I Also Need to File an FBAR?
Posted in News, Offshore Account Update on December 17, 2020
Posted in News, Offshore Account Update on December 17, 2020
Posted in Hot Topics, News on November 30, 2020
Combating tax fraud at the international level is among the Internal Revenue Service’s top priorities. The IRS’s Criminal Investigations division (IRS CI) is particularly active in this area, and it works with other tax enforcement authorities around the globe to identify, prosecute, and punish individuals and organizations suspected of engaging in fraudulent practices. As Maryland international tax attorneys, we have significant first-hand experience in this area, and we have successfully defended numerous clients in international tax fraud matters involving IRS CI.
Read MorePosted in News on November 16, 2020
Posted in Hot Topics, News, Offshore Account Update on October 30, 2020
Posted in News, Offshore Account Update on September 30, 2020
Many U.S. taxpayers are unaware that they have an obligation to disclose their offshore accounts to the Internal Revenue Service (IRS). Even if you do not owe any tax as a result of your foreign holdings, you must still report them, and failing to do so can lead to substantial liability.
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