FBAR, OVDP | JD Supra Law News

IRS Issues “John Doe Summons” to Wells Fargo Seeking Identities of U.S. Taxpayers with Offshore Accounts at First Caribbean...

by Fuerst Ittleman David & Joseph, PL on 5/9/2013

Introduction - On April 30, 2013, the United States Department of Justice issued a “John Doe Internal Revenue Code” summons to Wells Fargo Bank, as a provider of correspondent bank services for Canadian Imperial Bank...more

OVDP or 50% FBAR Willfulness Penalty; It is Your Choice

by Sanford Millar on 4/15/2013

The Criminal Tax Division of the U.S. Dept of Justice (DOJ)is taking the position that when a taxpayer has “willfully” failed to file a Report of Foreign Bank or Financial Account, an FBAR, and has in addition filed false...more

Non-FBAR Penalites and Offshore Voluntary Disclosures

by Sanford Millar on 2/18/2013

The following summarizes in explicit detail why taxpayers who have an unfilled Report of Foreign Financial or Bank Account (FBAR) must consider entering the Offshore Voluntary Disclosure Program (OVDP). Not only does the...more

Must You Produce Records of Offshore Accounts?

by Sanford Millar on 1/21/2013

A Petition to the U.S.Supreme Court may result in the Court deciding whether a taxpayer who has a previously unreported foreign financial account must produce records of the account in a criminal proceeding in spite of the...more

District Court Decides FBAR Penalty Assessment Case - Both A Win For The Government & For OVDP Participants

by Moskowitz LLP on 11/26/2012

Here at Moskowitz LLP, A Tax Law Firm based in San Francisco, CA, we have been following just how the Internal Revenue Service will collect FBAR penalties once imposed outside the scope of any Offshore Amnesty Program. ...more

Home

Legal News

Find a Lawyer

Browse Subjects

Subscribe

Pro Services

For Reporters

FBAR › OVDP

IRS Issues “John Doe Summons” to Wells Fargo Seeking Identities of U.S. Taxpayers with Offshore Accounts at First Caribbean...

OVDP or 50% FBAR Willfulness Penalty; It is Your Choice

Non-FBAR Penalites and Offshore Voluntary Disclosures

Must You Produce Records of Offshore Accounts?

District Court Decides FBAR Penalty Assessment Case - Both A Win For The Government & For OVDP Participants

Expand Your Reach