July 2017

Another Plea Agreement for failing to declare an Offshore Account

If you have not already done so, please read this primer on FBARs before continuing –  http://www.derrenjoseph.com/2014/11/fbars-and-form-8938.html So often, we are asked whether the authorities come after taxpayers who failed to disclose 6 figure accounts?   Or whether the focus is only on taxpayers who fail to disclose 7 figures and above.   Here’s an […]

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IRS heats up compliance enforcement on passport holders with tax debt

Expats and travelers with tax debt should take notice and take measures to get back into good standing with the IRS. ———————- In the past decade, Congress and the IRS have made numerous efforts to close the international tax gap.  This is the amount of taxes the Treasury loses each year from U.S. taxpayers abroad

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