The IRS has redesigned its correspondence notices to be more “user friendly.” This is supposed…
Finally. Government Accountability Office makes recommendations to the IRS for tax laws education to immigrants
In latest report from a government watchdog agency called the Government Accountability Office (GAO) the GAO makes recommendations to the IRS, and the IRS pays attention. Those recommendations could put some taxpayers in trouble, but some are beneficial. Particularly helpful tax laws education commentary regarding offshore assets. Below is an excerpt from the report.
In our [GAO] case file review, we [GAO] found examples of immigrants who stated in
their 2009 OVDP applications that they were unaware of their FBAR filing
requirements. We found they had often opened banks accounts in their
home country prior to immigrating to the United States. IRS officials from
the Offshore Compliance Initiative office stated that although there are
several FBAR education programs, none are specifically targeted at new
immigrants. Furthermore, these IRS officials were unaware of any IRS
work with other federal agencies such as the State Department or the
Department of Homeland Security to educate recent immigrants about
their foreign account filing requirements. These officials stated that one of
the challenges that they face in their office, which is part of IRS’s Large
Business and International Division, is that taxpayer education and
outreach is the responsibility of IRS’s Wage and Investment Division and
that issues concerning FBARs fall under IRS’s Small Business/SelfEmployed Division.
IRS officials from the Offshore Compliance Initiative office agree that
more could be done to improve taxpayer education and outreach about
offshore reporting requirements. They [IRS], like us [GAO], recognize that multiple
outreach efforts could help to draw additional taxpayers into the offshore
programs, and that data mining information from the program applications
can help identify these groups.
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