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Month: June 2016

Happy Birthday Streamlined Filing Compliance Procedure!

22 June, 2016

The Streamlined Filing Compliance Procedure (SFCP) was “born” two years old.  Two years ago the IRS publicly announced the SFCP, which has been used by many non-compliant US taxpayers with the disclosure of foreign assets.

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Foreign mutual funds = Passive Foreign Investment Companies (PFICs)?

15 June, 2016

We have had many clients with unreported foreign mutual funds. As a result, it is time to revisit the unfavorable topic of foreign mutual funds as  a “Passive Foreign Investment Companies” (PFICs), which is often a

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Recent Posts

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  • Parag Patel, Esq. Presents “Latest Federal Tax Controversy Update” for NJCPA Membership+November 13, 2025
  • Parag Patel, Esq. Presents at New Jersey Society of Certified Public Accountants — “One Big Beautiful Bill”November 11, 2025
  • The Trust Fund Recovery Penalty in Focus: United States v. Flaim and the Unwavering Standard of “Willfulness”November 7, 2025

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