Tags » Offshore Accounts

Can Putin persuade Russians to move money out of their favorite Mediterranean hideaway?

In his state-of-the-nation address to lawmakers last week, Russian president Vladimir Putin had some distinctly unfriendly words for who he called “our American friends.” The US is always meddling in Russia’s regional affairs, Putin said, “either openly or behind the scenes.” 820 more words

IRS clarifies streamlined process for disclosing offshore accounts

The IRS has provided guidance and clarifications for U.S. taxpayers who have failed to disclose offshore assets and pay taxes due. The new instructions apply to taxpayers who apply for relief under the streamlined filing compliance procedures and are effective for applications submitted on or after July 1, 2014. 420 more words

Reporting Requirements