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Foreign Banking
Millions of taxpayers do at least some banking overseas, but they risk getting into hot water with the IRS. Avoid this unsavory fate by checking out the best of our writing on foreign banking. Learn how to correctly report your foreign accounts, come clean on your taxes, and ensure you don’t commit tax evasion or fraud! If you’re worried about your foreign bank accounts, don’t waste any time—get in touch with one of our expert tax support specialists today through our free live chat, located to the bottom right of your screen – or by clicking here.
Category: Foreign Banking
Feb
07
IRS Publishes Tax Evasion Rules
After years of studying and crafting new rules on how to tax more hidden overseas assets, the IRS recently announced the publication of tax evasion rules for the Foreign Account Tax Compliance Act. Uncle Sam to Now Enforce Tax Evasion Rules Congress ...
Aug
28
Trillions Stashed Offshore by World’s Wealthy
Everyone wants to keep their money hidden from the taxman. But a recent study shows that the world’s wealthy are doing that pretty well. Offshore tax havens are claimed to be the home to as much as $32 trillion. That’s an astonishing amount of mo...
Jul
23
Does Mitt Romney Owe Back Taxes?
Presidential candidate and former Massachusetts governor Mitt Romney has received a lot of media attention over the past couple weeks. And who knows whether it’s helpful for his campaign to be leader of the free world. Romney is known for making a ...
Feb
12
Tax Relief Review: Ibrahim A. from Texas
Ibrahim A. had several bank accounts overseas, and needed representation badly in order to avoid any criminal proceedings against him. Although the client came in too late for the 2008 Offshore Disclosure Program (OVDI), StopIRSDebt.com was able to q...
Jan
17
Breaking: IRS Announces 2012 OVDI
After collecting more than $4 billion over the past 3 years from taxpayers with unreported overseas accounts, the IRS is giving taxpayers yet another opportunity to come clean. It’s called the OVDI. Due to the successful initiatives in 2009 and...
Sep
16
US Pushes Swiss Banks to Disclose Tax Evaders
When people think of Switzerland, they probably think of skiing on the Swiss Alps. Perhaps they think of neutrality during wars and its unique flag: a red square with a centered white cross. But now you might also think of tax evaders. Banking Haven ...
Aug
26
Clock Winds Down to Come Clean on Foreign Assets
In a globalized economy, international banks may be at your fingertips with the click of a mouse. But the long arm of the taxman has a deadline looming for U.S. taxpayers who make money overseas. So you need to start coming clean on your foreign asse...
Jul
28
L’Oreal heiress owes Millions in Taxes!
Weekly magazine, Marianne, claims to have access to high-profile tax documents. They show that France’s richest woman and heiress to the L’Oréal fortune, Liliane Bettencourt, owes around 30 million euros to the French tax authorities. You ma...
Jun
16
Breaking: Doing business overseas?
One of the best things about the internet and a globalized economy is the ability to do business overseas. Even from the comfort of your living room. With the click of a mouse, you can transfer funds to build a factory in China. Or you can invest in ...
Feb
09
Offshore Banking Evaders Given 2nd Chance
With the U.S. government running big budget deficits over the past couple years, tax authorities are launching new amnesty programs to recoup as much tax revenue as possible. The Internal Revenue Service has opened new ways for people to settle their...
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