Up to now the FBAR amnesty processing dance has been: Step 1. Go to your local IRS Criminal Investigations office. Get cleared there. Step 2. Get your file sent to the IRS Philadelphia unit, where most things international seem to happen. This is where your taxes, penalties, and interest would be calculated. I know it [...]
Jack Townsend does a better job at parsing the results than I ever will. Go to Jack’s blog post and read all about it. As Rufus Rhoades tells me every time we have lunch, “It’s only money.” Mr. Get-In-Line-Brother, Jeff Chernick, learns this lesson late in life (at age 70). As the game show used [...]
The IRS process for starting an amnesty application for an offshore bank account has an interesting thing in it. You tell me: sneaky or sloppy? The process up to now The process for an amnesty application up to now has been pretty clean. Start the voluntary disclosure process, go all the way to the end, [...]
I’m at the office on a Sunday afternoon, working on a fiercely technical pre-immigration tax plan. (“How do I become a resident of the United States and not pay tax?” is the question.) Don’t feel sorry for me, though. In about 2 hours I’ll be watching a primo Elvis impersonator for free in the park. [...]
More on this topic — the ongoing effort of the United States government to squeeze UBS and the Swiss government into turning over names of U.S. persons with accounts at UBS. Today’s Tax Notes Today has an article (citation 2009 TNT 129-1) with an overview of the brief filed in Federal Court by the Swiss [...]
