We originally posted Tuesday, January 28, 2014 "Offshore Swiss Bank Account? This May Be Your Last Chance To File A Voluntary Disclosure!," where we discussed that The United States Justice Department has received 106 requests from Swiss entities to participate in a settlement program aimed at ending a long-running probe of tax-dodging by Americans using…
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51 Fatca Agreements and Growing!
On Friday, April 18, 2014, we posted FATCA Picking Up Momentum & US Gives Foreign Banks More Time to Register, where we discussed the IRS' Announcement 2014-17 which provides that countries that have FATCA agreements "in substance" with the United States will be seen as complying with the law, even if the agreements are not…
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The IRS Provides Options for Taxpayers Who Owe Tax after April 15!
Here are some options to consider, even if you can’t pay the full amount right now: Borrow the money. If you don’t have the money to pay all your taxes now, then you may want to get a loan from a bank or other source. The interest rate may be lower than the interest and penalties…
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IRS Updates FATCA User Guide
IRS updated Publication 5118 -Foreign Account Tax Compliance Act (FATCA) User Guide (Rev. December 2013) to reflect changes since its initial publication in the summer of 2013. The User Guide is over 100 pages and provides instructions for completing the registration process online, including the information required, how registration will vary depending on the type…
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