-
Recent Posts
- DOJ SETTLES WILLFUL FBAR PENALTY WITH HOLOCAUST SURVIVOR AFTER COURT DENIES ITS MOTION FOR SUMMARY JUDGMENT
- HOW IRS COLLECTS A TAX DEBT
- DON’T MISS OUT ON THE MOST GENEROUS OFFSHORE PENALTY RELIEF THE IRS HAS EVER OFFERRED- THE STREAMLINED FILING COMPLIANCE PROCEDURES
- FALSE ASSUMPTIONS ABOUT TAXES ARE DANGEROUS
- STREAMLINED FILING VERSES REGULAR FILING WITH REASONABLE CAUSE STATEMENT
Recent Comments
Archives
- November 2023
- September 2023
- August 2023
- May 2023
- December 2022
- April 2020
- March 2018
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- February 2017
- December 2016
- November 2016
- September 2016
- August 2016
- July 2016
- May 2016
- April 2016
- March 2016
- January 2016
- November 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- July 2014
- June 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- July 2010
Categories
- 2011 OVDI
- 2012 OVDP
- 2014 OVDP
- 214 OVDP
- ALIMONY
- AMENDED RETURNS
- AUDITS
- AUTOMATIC EXCHANGE OF TAX INFORMATION
- BUSINESS VALUATION
- CANCELLATION OF DEBT INCOME
- COMPLIANCE
- DELINQUENT RETURN
- DEPENDENCY EXEMPTION
- DIVORCE
- DIVORCE TAX
- DURESS
- EMPLOYMENT TAXES
- EQUITABLE RELIEF
- FBAR PENALTIES
- FBARS
- FINCEN FORM 114
- IDENTITY THEFT
- INDIVIDUAL RETIREMENT ACCOUNTS
- INNOCENT SPOUSE
- IRS COLLECTIONS
- JOINT RETURNS
- LEGISLATION
- LESSONS FOR OFFSHORE TAX COMPLIANCE
- MARRIED PERSONS
- NEW OVDP
- OFFSHORE BANK ACCOUNTS
- OFFSHORE VOLUNTARY DISCLOSURE PROGRAM
- PASSPORTS AND TAX DEBTS
- POLICY
- QDRO
- RETURNS
- ROBERT S STEINBERG
- STATUTE OF LIMITATIONS
- STREAMLINED FILING COMPLIANCE PROCEDURES
- STREAMLINED FILING COMPLIANCE PROCEDURES
- STREAMLINED FILINGS
- STREAMONED FILING COMPLIANCE PROCEDURES
- SUITS TO COLLECT TAX
- TAX
- TAX CRIME STATUTE OF LIMITATIONS
- TAX CRIMES
- TAX INDEMNIFICATION CLAUSE
- TAX INFORMATION EXCHANGE AGREEMENTS
- TAX LITIGATION
- TAX REFORM
- TAX STATUTES OF LIMITATIONS
- TAX TREATIES
- TRUST FUND PENALTY
- Uncategorized
- UNFILED RETURNS
- VOLUNTARY DISCLOSURE
- WRONG WAY TO VOLUNTARILY DISCLOSE OFFHORE ACCOUNTS
Meta
Tag Archives: FBAR PENALTY
DEPARTMENT OF JUSTICE ANNOUNCES FBAR GUILTY PLEA OF GREEN CARD HOLDER
On October 26, 2017, Hyung Kwon Kim (Kim), a Greenwich, Connecticut man pleaded guilty to failing to report funds he maintained in foreign bank accounts to the Department of Treasury. The DOJ Press Release was announced Acting Deputy Assistant Attorney … Continue reading →
SOME ADVANTAGES AND DISADVANTAGES OF STREAMLINED COMPLIANCE PROCEDURES FOR U.S. EXPATS
“Beware of false knowledge; it is more dangerous than ignorance.” – George Bernard Shaw Shaw’s admonition is applicable to the recently announced Streamlined Process and Transitional as alternatives for resolving offshore noncompliance exposure of U.S. citizens and permanent residents who … Continue reading →
Posted in 214 OVDP, FBARS, OFFSHORE BANK ACCOUNTS, TAX, TAX CRIMES, UNFILED RETURNS, VOLUNTARY DISCLOSURE
|
Tagged EXPATS AND UNFILED FBARS, FBAR PENALTY, Robert S. Steinberg, STREAMLINED COMPLIANCE PROCEDURES FOR EXPATS, STREAMLINED PROCESS OF THOSE LIVING OUTSIDE U.S., US CITIZENS LIVING ABROAD
|
Leave a comment
OVDP OR NOTHING AT ALL
The 1939 song, “All or Nothing at All,” (by Arthur Altman and Jack Lawrence) made popular by Frank Sinatra might be sung in a new version by IRS, “OVDP or Nothing at All.” The Bank Secrecy Act contains draconian penalties … Continue reading →
Posted in 2012 OVDP, AMENDED RETURNS, DELINQUENT RETURN, FBARS, NEW OVDP, TAX, TAX CRIMES, VOLUNTARY DISCLOSURE
|
Tagged # INDIVISIBLE, BANK SECRECY ACT, EIGHTH AMENDMENT, EXCESSIVE FINES, FBAR, FBAR PENALTY, FORFIETURE, OVDP OPT OUT, QUIET DISCLOSURES, Robert S. Steinberg, U.S. V ZWERNER, U.S. V. BAJAKAJIAN, VOLUNTARY DISCLOSURE
|
Leave a comment
ARE OFFSHORE CHEATS GETTING OFF TOO EASY?
A recent Wall Street Journal Article, “Leniency for Offshore Cheats,” by Laura Saunders cited statistics that reveal a discrepancy between sentences handed down in offshore cases versus those dolled out in tax shelter criminal cases. The article reports: The average … Continue reading →
The Tax Wars Blog 