Tag: undisclosed accounts

Ofshore Accounts Still Focus of IRS Enforcement

By Sanford Millar of MillarLaw A Professional Corporation On Sunday, October 18, 2015

The following Notice from the IRS reiterates the enforcement focus on offshore accounts.  Anyone with an unreported offshore account needs to consult counsel and discuss their compliance options under the “attorney-client” privilege. The IRS has left out of the Notice whether it will treate identified non-compliant taxpayers as “willful” for FBAR penalties and for civil … Continue reading Ofshore Accounts Still Focus of IRS Enforcement