Tag Archives: FBAR

Escaping the Quandary Posed by Unreported Foreign Accounts

Posted on May 13, 2016 by David L. Silverman, J.D., LL.M. (Taxation)

 Many U.S. taxpayers have at least one financial account located in a foreign country. Failure to report an offshore account carries with it possible civil and criminal penalties. Foreign account reporting requirements are provided for under the Bank Secrecy Act, … Continue reading →

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From The IRS — Recent Developments, August, 2011

Posted on July 27, 2011 by David L. Silverman, J.D., LL.M. (Taxation)

VIEW IN PDF:  Tax News & Comment — August 2011 Approximately one million U.S. taxpayers have at least one financial account located in a foreign country. Many have not reported their offshore accounts to the IRS, a violation with possible … Continue reading →

Posted in IRS Matters, IRS Rulings & Regulations, Tax Decisions, Tax News & Comment | Tagged , , , , , | Leave a comment