Tag Archives: offshore voluntary disclosure program

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 →

Posted in International Taxation, News | Tagged , , , , , , , , , | Leave a comment

IRS & NYS DTF Matters — August 2014

Posted on August 4, 2014 by David L. Silverman, J.D., LL.M. (Taxation)

I.   IRS Matters – August 2014 On July 11, a second federal judge ordered the IRS to account for missing emails of former director Lois Lerner. U.S. District Court Judge Reggie Walton has demanded an affidavit from an “appropriate official” … Continue reading →

Posted in IRS Matters, New York State Income Tax, NYS DTF Matters, NYS Tax Litigation, NYS Tax Litigation, Tax Decisions, Tax News & Comment | Tagged , , , , , , , , , , | Leave a comment

Recent IRS Developments — October 2012

Posted on October 9, 2012 by David L. Silverman, J.D., LL.M. (Taxation)

View Article in Tax News & Comment — October 2012 RECENT IRS DEVELOPMENTS – OCTOBER 2012 Over 50 million Americans are now filing tax returns showing no income tax liability. This represents approximately 35 percent of all personal income tax … Continue reading →

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