Category: U.S. Tax Planning

FBAR Penalties

Effective July 1, 2013, FBARs must be filed electronically using the E-Filing System maintained by the U.S. Department of the Treasury’s Financial Crimes Enforcement Network

Should You Opt Out Of IRS Offshore Amnesty?

http://www.bna.com/opt-irs-offshore-n17179879879/ Since 2009, many U.S. persons with foreign accounts and income have sought shelter from the IRSonslaught. Not everyone has entered the IRS voluntary disclosure

Unreported Bank Account In Singapore?

http://www.reuters.com/article/2013/05/05/us-singapore-banks-crime-idUSBRE9440CM20130505 Note: The above reference link was live on November 2013, but it has since been taken down. (Reuters) – Banks in Singapore are urgently scrutinizing

Biggest Information Leak in History

So, as of June 14th, the list is now publicly accessible.  We have seen children and other family members of ex-Dictators, gun runners, ex-Ministers and