Legal News
IRS to End Offshore Voluntary Compliance Program September 28, 2018
On September 4, 2018, the Internal Revenue Service issued a reminder that taxpayers with undisclosed foreign financial assets have until September 28, 2018, to file
IRS OVDP To Shut Down in September
The IRS has announced that it will shut down the Offshore Voluntary Disclosure Program (OVDP) on September 28, 2018. The OVDP, which started in 2009,
IRS Is Denying Passports for Seriously Delinquent Tax Debtors
Taxpayers preparing to travel internationally may soon have to change their plans if they are behind on their taxes. Earlier this week, the IRS “strongly
$14 Million Civil Penalty Charged for Failure to Report Offshore Accounts
A U.S. permanent resident from South Korea pled guilty on October 26th to charges of failing to report offshore bank accounts to the IRS. Hyung
New York Attorney Pleads Guilty to Tax Evasion
On Thursday, October 12, 2017, Herbert Lindenbaum, a personal injury and medical malpractice attorney, pled guilty to tax evasion, following a nearly two-decade scheme to
U.S. Government Continues Suit vs. Taxpayer With Unreported Offshore Bank Accounts
The U.S. government is moving forward in its lawsuit against a U.S. taxpayer accused of a willful failure to disclose offshore bank accounts. In Washington