Category: IRS Amnesty, OVDP, Bank Deposits, Foreign Assets, Streamlined Compliance

Americans With Foreign Bank Accounts

IRS Offshore Amnesty

American citizens and residents often have placed funds in foreign bank accounts in banks all over the world.  There is a requirement that all of these foreign bank accounts be reported to the United States on an annual basis and that

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Update on the IRS Streamline Compliance Program

There is an Internal Revenue Service program that permits United States individuals, who have innocently and unknowingly not reported their foreign bank deposits, to report those deposits at a much reduced penalty than the penalty applicable to the willful violators.

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Update on the IRS Amnesty Offshore Voluntary Disclosure Program

American citizens and residents often have placed funds in “foreign bank accounts” in banks all over the world. There is a requirement that all of these foreign bank accounts be reported to the United States on an annual basis and

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Videos Explaining United States Taxation

Tax Lawyer Richard S. Lehman, Esq., Offers Tax Webinars and Training on Relevant Tax Issues Please note: once you pick your presentation you will be taken to USTaxLawSeminars.com website (a Richard S. Lehman website) to view and download materials. U.S.

Posted in Domestic Taxation, Exporting Tax Benefits The IC-DISC, Foreign Investors in United States Real Estate, IRS Amnesty, OVDP, Bank Deposits, Foreign Assets, Streamlined Compliance, Ponzi Scheme, Clawback, Refund of Losses, Pre-immigration income tax planning, Settling with the IRS, United States Taxation of Foreign Investors Tagged with: , ,

Richard S. Lehman, Esq., answers the top 10 questions about the I.R.S. Streamlined Compliance Program

Question 1 Will a taxpayer qualify for the Streamline Program if they are under examination? a) Yes b) No c) They will qualify unless they are under criminal examination Question 2 Can a U.S. Taxpayer who is living in the

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Handling Offshore Voluntary Disclosure and IRS Streamlined Cases

United States Tax Attorney

How do I request pre clearance before I submit any offshore voluntary disclosure to the IRS? For the OVDP, pre clearance may be requested as follows: 1. Taxpayers or representatives send a facsimile to the IRS – Criminal Investigation Lead

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The IRS has three separate programs that can help many American taxpayers become compliant and not broke.

The FATCA it takes a team

The IRS has established three separate programs under which the American taxpayer can now report foreign bank deposits that have been unreported in the past. The determination of which of the three relief programs offered by the IRS, is the

Posted in IRS Amnesty, OVDP, Bank Deposits, Foreign Assets, Streamlined Compliance

The FATCA Team Approach; The Role of Lawyer and Accountant

FATCA and the Team approach

There are several new laws in place to implement the reporting of these foreign bank accounts and to permit U.S. taxpayers to “clear the record” in the event they have not reported these accounts in the past.

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The New IRS Streamlined Filing Compliance Procedures

Here are frequently asked questions about the IRS changes to the Offshore Bank and Foreign Asset Disclosure Programs. Question 1. Will a taxpayer qualify for either of the Streamline Program or the Offshore Voluntary Disclosure Program that permits Taxpayers to

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