The IRS’s FATCA, Streamlined Compliance Procedure and other Amnesty Information

Veteran South Florida Tax Attorney Richard S. Lehman will explain:

The I.R.S. New Amnesty Program

  • Beginning taxable year 2012. The tax wake up call for Americans with unreported assets and/or income.

The New IRS Streamlined Filing Compliance Procedures

  • The IRS Makes Changes To Offshore Bank And Foreign Asset Disclosure Programs
  • The eligibilty for the streamlined procedure
  • Quiet Disclosures, OVDP
  • The test for willfulness
  • The benefits of the streamlined procedure

Full Presentation Video: 1 hour
Level: Intermediate
Presentation Resources: Download a set of presentation slides (50 pages): Download as pdf

Articles by Richard S. Lehman Esq:

  • I.R.S. Makes Changes To Offshore Bank And Foreign Asset Disclosure Programs Read online
  • The Foreign Account Tax Compliance Act (FATCA): Americans now required to disclose all foreign financial assets Read article online
  • Foreign Financial Institutions: Reporting and Withholding United States Taxes Read article online
  • The Amnesty Program for Unreported Foreign Income Read article online

Bonus I.R.S. Materials:

United States Treasury Decision 9567: IRS Temporary Regulations on reporting of specified foreign financial assets.

Instructions for Form 8930: Statement of Specified Foreign Financial Assets.

The New Treaty and Annex: download pdf -31 pages includes:

  • Model Intergovernmental Agreement to Improve Tax Compliance and to Implement FATCA
  • ANNEX 1: Due diligence obligations for identifying and reporting on U.S. Reportable accounts and on payments to certain non participating financial institutions
  • ANNEX 2: Non-reporting [FATCA Partner] Financial Institutions and Products

IRS “Amnesty” Questions:

Contact Lehman Tax Law

If you would like to talk with Richard S. Lehman Esq, please fill out the form below or call our Boca Raton office 561-368-1113.

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