Tag: Offshore Taxes

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FBAR: Who Should File & What Happens If You Dont
FBAR Filing Requirements: Who Needs to File FinCEN Form 114?
Did you just learn about FBAR filing requirements? Are you worried that you should have filed one an [...]
Streamlined Domestic Offshore Procedures: Complete Guide 2023

SDOP is an IRS amnesty program for U.S. residents who have unreported foreign income.

Streamlined Foreign Offshore Procedures: Complete Guide 2023
SFOP is an IRS amnesty program for U.S. taxpayers with unreported offshore income. Successful applic [...]
Are Cryptocurrencies Foreign Assets Subject to FATCA and FBAR?
People often ask: Do Bitcoin and other digital tokens qualify as foreign assets under U.S. law? Answ [...]
FBAR Penalties: What Happens If You Dont File the FBAR?
FBAR Penalties: What Happens If You Don’t File the FBAR?
The FBAR, or Foreign Bank Account Report, is a form that must be filed annually by individuals who h [...]
Puerto Rico Crypto Tax Haven
Could Puerto Rico Be Your Crypto Tax Haven?
With 0% capital gains tax and 4% income tax, Puerto Rico can offer serious tax savings. Discover whe [...]
IRS Voluntary Disclosure Program
IRS Voluntary Disclosure Program
The IRS Voluntary Disclosure Program (VDP) gives taxpayers a chance to avoid criminal tax charges by [...]
Form 3520: Reporting Foreign Trust
Form 3520: Reporting Foreign Trusts and Gifts for US Citizens
If you received transactions from foreign trusts or entities during the tax year, you may need to fi [...]
FATCA Reporting: Filing Form 8938
FATCA Reporting: Filing Form 8938
Offshore accounts were once the go-to option for Americans who wanted to hide money from Uncle Sam. [...]