Tags » FBAR

A New World Order's Tax System

Let’s redesign world taxes.

People leave their own country and live in other countries, purely for economic gain. Lifestyles, safety, health care, opportunity, or whatever else does not count. 1,445 more words

Literary

Frequently Asked Questions - IRS Offshore Voluntary Disclosure and Opt Out Process

The OVDI opt-out looks very subjective without any proper directions and plenty of unanswered questions remain among the individuals. So we came up here with expert answers to several common questions related to the… 718 more words

FBAR

Bitcoin Accounts May Be Subject to FBAR, FATCA Reporting

from Daily Tax Report

Nov. 12 —  Taxpayers may soon have to report bitcoin and other virtual currency accounts held in foreign exchanges to the IRS as the agency’s focus on foreign assets sharpens, experts told Bloomberg BNA in interviews in October and November. 80 more words

Internal Revenue Service

Halloween Weekend

Halloween was a blast! My friend Amber and I got started a little later than normal. You know how girls are, they want to make sure they look perfect. 136 more words

Possible benefits of the coming into U.S. tax compliance through the Streamlined program?

This post originally appeared at the Isaac Brock Society.

Updated November 3, 2014 – Readers are strongly encouraged to read the comments as well. One must remember that… 3,404 more words

FATCA

Wegelin & Co. Account Holder Sentenced to Prison Term

On October 30, 2014, a federal judge in Manhattan handed down a three-month prison sentence to an individual who maintained more than $1 million in a secret bank account at Wegelin & Co. 210 more words

U.S. Department Of Justice Tax Division

IRS Clarifies Requirements for Streamlined Filing Procedures

On October 9, 2014, the Internal Revenue Service published additional guidance clarifying the requirements for participation in the Streamlined Filing Compliance Procedures.  (See prior coverage of the new procedures announced in June 2014… 234 more words

Internal Revenue Code