Seventh Amendment Requires Jury Trial for FBAR Penalties There was a recent Federal District Court decision that may impact the rights afforded to taxpayers facing willful FBAR penalties and how courts proceed with FBAR penalties that were not properly assessed. In the case of Sagoo, the defendant was assessed willful FBAR (foreign bank and financial […] The post Seventh Amendment Requires Jury Trial for FBAR Penalties appeared first on Expatriation Exit Tax Lawyers: Citizens & Long-Term Re...| Expatriation Exit Tax Lawyers: Citizens & Long-Term Residents
For U.S. Expats Under IRS Special Agent Criminal Investigation The IRS special agents represent the faction of the Internal Revenue Service tasked with pursuing potential criminal investigations. Unlike a civil audit, in which a taxpayer receives a notice and information document request(s), the initial interaction with an IRS special agent is different — and will […] The post For U.S. Expats Under IRS Special Agent Criminal Investigation appeared first on Expatriation Exit Tax Lawyers: C...| Expatriation Exit Tax Lawyers: Citizens & Long-Term Residents
FBAR Penalty Violation Overview: Non-Willful, Willful & Criminal When it comes to foreign account FBAR penalties (Foreign Bank and Financial Account Report, FinCEN Form 114), violations can be categorized into two main types: civil FBAR penalties and criminal FBAR penalties. The civil FBAR penalty category can be broken down further into two subcategories (non-willful and […] The post FBAR Penalty Violation Overview: Non-Willful, Willful & Criminal appeared first on Expatriation Exit Tax L...| Expatriation Exit Tax Lawyers: Citizens & Long-Term Residents
IRS Foreign Asset & Account Disclosure Rules You Must Know Each year, U.S. Taxpayers across the globe who have ownership of foreign assets, investments, accounts, trusts, entities, etc. (‘Foreign Assets’) are required to disclose their information to the IRS on various international information reporting forms. The different tax forms vary based on complexity, filing requirements, […] The post IRS Foreign Asset & Account Disclosure Rules You Must Know appeared first on Expatriation Exit...| Expatriation Exit Tax Lawyers: Citizens & Long-Term Residents
U.S. Tax Treatment of Australian Superannuation Funds Explained. GOLDING & GOLDING, BOARD-CERTIFIED TAX LAWYER SPECIALIST. AUSTRALIA SUPER TAX.| Expatriation Exit Tax Lawyers: Citizens & Long-Term Residents
Expatriation & Expat Taxes: Full-Service Tax & Legal Specialists. Expatriation & Expat Attorneys for Citizens/Residents. Covered Expatriates.| Expatriation Exit Tax Lawyers: Citizens & Long-Term Residents
A Critical FBAR Update to Foreign Asset Reporting Complexities Each year, the U.S. Government requires U.S. persons who own foreign assets and accounts to disclose this information annually to the IRS/FinCEN on the FBAR. The FBAR is used to report foreign bank and financial accounts, such as bank accounts, investment accounts, pension plans, and […] The post A Critical FBAR Update to Foreign Asset Reporting Complexities appeared first on Expatriation Exit Tax Lawyers: Citizens & Long-Term R...| Expatriation Exit Tax Lawyers: Citizens & Long-Term Residents
How U.S. Expats Can Resolve FBAR Tax Issues and Penalties When a U.S. person (U.S. Citizen, Lawful Permanent Resident, Foreign National who meets the Substantial Presence Test) has foreign accounts, assets, or other investments, they may be required to file the annual FBAR (FinCEN Form 114) to report this information to the U.S. government. There […] The post How U.S. Expats Can Fix FBAR Tax Issues and Penalties appeared first on Expatriation Exit Tax Lawyers: Citizens & Long-Term Residents.| Expatriation Exit Tax Lawyers: Citizens & Long-Term Residents
Americans Living Abroad: Taxes, FBAR, FATCA & Form 3520. GOLDING & GOLDING, BOARD-CERTIFIED TAX LAWYER SPECIALIST TEAM.| Expatriation Exit Tax Lawyers: Citizens & Long-Term Residents
Accidental Americans May Avoid Taxes and IRS Penalties The concept of becoming an Accidental American is the idea that a person who has been living overseas in a foreign country learns as an adult that they are actually a U.S. citizen. This is usually because the person was born overseas but their apparent was a […] The post Who is an Accidental American, Why Do They Owe U.S. Taxes? appeared first on Expatriation Exit Tax Lawyers: Citizens & Long-Term Residents.| Expatriation Exit Tax Lawyers: Citizens & Long-Term Residents
Hidden Dangers When Transferring Your Assets Offshore In today’s global market, it is not uncommon for US taxpayers to want to transfer assets offshore or to acquire foreign accounts and investments to expand their portfolio. There is nothing inherently illegal about transferring assets offshore or purchasing foreign assets. Where the problem arises is that taxpayers […] The post Hidden Dangers When Transferring Your Assets Offshore appeared first on Expatriation Exit Tax Lawyers: Citizen...| Expatriation Exit Tax Lawyers: Citizens & Long-Term Residents
What's the Difference Between FBAR & FATCA, How to Unravel. GOLDING & GOLDING, BOARD-CERTIFIED TAX LAWYER SPECIALIST.| Expatriation Exit Tax Lawyers: Citizens & Long-Term Residents
What are the U.S. Exit Tax Requirements (Common Examples 2025) GOLDING & GOLDING, BOARD-CERTIFIED TAX LAW SPECIALIST. U.S. EXIT TAX.| Expatriation Exit Tax Lawyers: Citizens & Long-Term Residents
Offshore Disclosure with Expatriation, When is it Required? GOLDING & GOLDING, BOARD-CERTIFIED TAX LAWYER SPECIALIST.| Expatriation Exit Tax Lawyers: Citizens & Long-Term Residents
Form I-407 (2020): Abandonment of Green Card Permanent Residence. The Form I-407 is used to Voluntarily Abandon Legal Permanent Residence.| Expatriation Exit Tax Lawyers: Citizens & Long-Term Residents
