The latest U.S. Department of the Treasury Report reflects that a record 6,047 individuals expatriated during the first three quarters of 2020. This compares to the previous annual record…...more
The IRS currently offers the following five programs for noncompliant taxpayers: (i) the Offshore Voluntary Disclosure Program (OVDP), (ii) Streamlined Domestic Offshore Procedures, (iii) Streamlined Foreign Offshore...more
12/24/2016
/ Bad Boy Liability ,
Criminal Conspiracy ,
Criminal Investigations ,
Delinquent Filer Voluntary Compliance ,
Expatriates ,
False-Certification of Conformance ,
FATCA ,
FBAR ,
Foreign Financial Accounts ,
Foreign Financial Institutions (FFI) ,
Guilty Pleas ,
International Consortium of Investigative Journalists (ICIJ) ,
IRS ,
OVDP ,
Panama Papers ,
Swiss Banks ,
Tax Evasion ,
Tax Fraud ,
Tax Penalties ,
Whistleblowers
While Israel welcomes immigrants, and even provides them with tax incentives, it is serious about ending any perceived notion that it is somehow complicit with taxes evaded by its foreign residents in their home country. As...more