...to declare even accounts over which they have signature, but which they do not own. This is particularly damaging to the many American women who are married to non-Americans and...
...work. In August 2002, Chatfield closed this account, formed a new Bahamian nominee entity, and opened a new account at another large global Swiss bank headquartered in Zurich, to which...
In an effort to reach all taxpayers, including those ensnared in the pending HSBC subpoena to disclose customer names of non-resident indian customers with offshore accounts, the IRS has published...
...free international funds transfers between the accounts.” In order to open an HSBC Premier account, HSBC customers must maintain a minimum relationship balance (i.e., cash deposits plus investments) through HSBC...
...of requests for such data. Don’t fall prey to people who encourage you to claim deductions or credits you are not entitled to or willingly allow others to use your...
...opens up a new chapter in the U.S. crackdown on tax evasion. Previous cases focused on Americans with Swiss bank accounts, the most notable of which was the John Doe...
...an anonymous basis, a taxpayer may initially approach the Division anonymously to seek informal guidance on an issue and later make a formal letter ruling request providing the identity of...
...plus an additional $250,000 fine, plus a possible prison sentence. You should your attorney as soon as possible if you have undisclosed foreign accounts or entities, so that you can...
...will be notified whether the disclosures have been preliminarily accepted or declined. Upon acceptance into the OVDI, taxpayers will be instructed to submit their full voluntary disclosure package, which must...
...entities such as corporations, trusts and partnerships. As with other programs in the past, the OVDI eliminates the risk of criminal prosecution for taxpayers that are accepted into the program,...
...This is a second opportunity for those U.S. taxpayers who have not already disclosed their foreign bank accounts are encouraged to take advantage of this rare second chance to come...
...the surviving spouse get?If the surviving spouse has only children of the same marriage, then spouse will inherit the entire estate. If there are children of the same marriage and...
