Tag Archive: offshore accounts

Signature power but no ownership interest in foreign account? Extension!

For your reading pleasure, here is Notice 2009-62.  If you have signature power over a foreign  more…

Swiss government thinking about the UBS settlement

The Swiss government is thinking about the proposed settlement in the UBS litigation.  (The settlement would  more…

The IRS strategy in the FBAR amnesty

It’s a giant data sweep. With a defined aim. Unfortunately, the scheme may be turning out  more…

Is the IRS sneaky or sloppy with the new amnesty procedure?

The IRS process for starting an amnesty application for an offshore bank account has an interesting  more…

IRS foreign account amnesty deja vu from 2003

Some famous guy said “Those who cannot remember the past yadda yadda.”* So for those of  more…

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