Streamline Procedure Risks: Are you really Non-willful?
By Sanford Millar of MillarLaw A Professional Corporation On Sunday, July 10, 2016
According to reports in Tax Analysts there have been 54, 000 Offshore Voluntary Disclosure (OVDP) participants 30,000 Streamline Procedure filings. The Streamline Procedure filings are now the subject of intense Department of Justice (DOJ) and IRS review. The DOJ and IRS ar looking for taxpayers who made improper use of the Streamline Procedures. There are … Continue reading Streamline Procedure Risks: Are you really Non-willful?
IRS 80- Swiss Banks 0
By Sanford Millar of MillarLaw A Professional Corporation On Monday, February 1, 2016
The formal IRS/Department of Justice (DOJ) Swiss Bank Program has concluded with 80 Swiss banks coming forward. The banks agreed to provide information about personnel, depositors and advisors who were participated in or assisted U.S. taxpayers in offshore tax evasion. In addition to disclosure and cooperation with investigations each of the banks paid substantial penalties. … Continue reading IRS 80- Swiss Banks 0