SCOTUS to Hear Consequential FBAR Penalty Case
August 19, 2022
The United States Supreme Court is set to hear Bittner v. U.S. in November 2022, a case regarding penalties on Foreign Bank Account Reports, known
© Rosefelt Tax Law 2023
Read More »
IRS Announces Updated Disclosure Procedures
January 24, 2019
On November 29, 2018, the Internal Revenue Service (IRS) unveiled its updated Voluntary Disclosure Program, following the conclusion of the Offshore Voluntary Disclosure Program (OVDP)
IRS to End Offshore Voluntary Compliance Program September 28, 2018
September 4, 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
April 2, 2018
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,
U.S. Government Continues Suit vs. Taxpayer With Unreported Offshore Bank Accounts
October 11, 2017
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