Tag: Voluntary Disclosure Program

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Middle-aged European man facing the camera with a satisfied smile. The image shows a background of Euro bills and 3 checkmarks to indicate he successfully completed the IRS Streamlined Foreign Offshore Procedures (SFOP).
Streamlined Foreign Offshore Procedures: Beginner’s Guide (2024 Update)
Your guide to Streamlined Foreign Offshore Procedures (SFOP) eligibility, Form 14653 filing requirem [...]
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Collage-style photo of a smiling, middle-aged Indian-American man in business attire, positioned in front of a globe. The background shows the outline of countries that commonly trigger FBAR filing requirements: United Kingdom, China, Canada, Australia, and India.
FBAR Filing Requirements (2024): Who Needs to File FinCEN Form 114?
Did you just learn about FBAR filing requirements? Our experienced FBAR lawyers break down all you n [...]
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Chinese-American man smiling and giving two thumbs up. Next to him are three checkmarks indicating FBAR compliance. The background shows Chinese currency.
Streamlined Domestic Offshore Procedures: Beginner’s Guide (2024 Update)
Should you apply for Streamlined Domestic Offshore Procedures? SDOP is an IRS amnesty program for U. [...]
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Stylized image depicting a young, wealthy woman wearing a wide smile and carrying shopping bags in a tropical destination. On top of this background is an IRS CP59 notice for untiled tax returns. A large warning symbol is overlaid on top of the notice near the center of the image.
New IRS Initiative Targets High-Income Non-Filers
The IRS is targeting wealthy non-filers who haven't filed tax returns between 2017 and 2021. Learn w [...]
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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 [...]
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IRS Removes One of Four Options to Resolve Foreign Disclosure Mistakes
IRS Removes an Option to Correct Foreign Reporting Errors
The IRS recently removed one of four options to correct foreign-based reporting omissions. The Delin [...]
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