Bad News About Unfiled FBARs, Another Indictment
By Sanford Millar of MillarLaw A Professional Corporation On Friday, April 24, 2015
A recent indictment by the United States Attorney’s office in California illustrates the inter-relationship between curency transfer restrictions, (such as those involving Iran), foreign financial account reporting (the FBAR requirement) and the failure to report taxable income (filing of a false tax return ). In United States of America vs. Ali Amin the government alleged … Continue reading Bad News About Unfiled FBARs, Another Indictment
Swiss Bank Settlements-What’s Next for U.S. Taxpayer’s?
By Sanford Millar of MillarLaw A Professional Corporation On Monday, April 20, 2015
The Department of Justice has released the signed Non-Prosecution Agreement NPA) with Swiss bank BSI SA. The Non-Prosecution Agreement is likely the precursor to enhanced enforcement efforts by the DOJ and IRS against those taxpayers who have not yet come forward and disclosed previously unreported offshore accounts. The DOJ has publicly stated that it will … Continue reading Swiss Bank Settlements-What’s Next for U.S. Taxpayer’s?
Orwell’s 1984 30 Year Later
By of MillarLaw A Professional Corporation On Sunday, November 2, 2014
Welcome to 1984 30 years later! One of the most famous quotes from George Orwell’s 1984 is “Big Brother is Watching You.”. This quote is more true now than at any time in past. At the just concluded Global Forum on Tax Transparency convened by the OECD/G20 51 countries signed on to the automatic exchange … Continue reading Orwell’s 1984 30 Year Later