Today we received a letter from the IRS on an FAQ #9 application.  Total World Domination.    Accepted as filed, meaning no tax, no penalty, no nothing.  We sent the whole package to the IRS in Philadelphia in early June.  That gives you a sense of the time frame.  Though I do see the IRS [...]

Lots of new posts over at http://foreignbankaccountamnesty.com.  We’re massively busy with this stuff right now.  The deadline is September 23, 2009, so go over there, take a look around, and call us if you need help coming clean with the IRS on unreported offshore income or financial accounts. Call me.  Mobile +1-626-437-2500.  Yeah, even weekends.  [...]

I’m back from a week at the beach. That’s the reason for the radio silence here. Now back to our regularly scheduled program and updates about the voluntary disclosure program for undisclosed foreign bank accounts. Here’s the latest change to procedure that we see: send the original Power of Attorney (Form 2848) (warning: PDF) to [...]

According to Reuters, UBS has settled with the IRS.  Names will be named.  (How many?  Yours?  We shall see.)  Beans will be spilled.  Fingers will be pointed.  Bureaucratic chests will be puffed outward. Meanwhile, back on earth. . . . (I have been accused of being obtuse in the past.  By my wife.  Let me [...]

For your reading pleasure, here is Notice 2009-62.  If you have signature power over a foreign financial account but the money isn’t yours, then you have an extension of time to deal with the “Come to Jesus!” clean-up and file all of your paperwork with the IRS. If this applies to your particular situation, it [...]