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Willful Violations OVDP

Rosenberg Martin Greenberg LLP

Ruling Provides for Significant Limitation on Amount of Penalties

On May 15, 2018, the United States District Court for the Western District of Texas issued an important ruling concerning the application of willful FBAR penalties under 31 U.S.C. ยง 5321. In United States v. Colliot, Case...more

Blank Rome LLP

Offshore Tax Enforcement Update: IRS Unveils Major Changes to Voluntary Disclosure Program

Blank Rome LLP on

Since the 1970s, U.S. taxpayers with foreign banks accounts have been required to annually report their foreign bank account information to the Department of Treasury on a Report of Foreign Bank and Financial Accounts...more

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