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Can Foreign Nationals in the US Become FBAR Compliant with a Streamlined Application?

The experienced international tax attorneys at Allen Barron will work with you to develop the most effective strategy to disclose offshore bank accounts, investments, assets and income to the IRS.  My name is Janathan Allen, and many foreign nationals in the US become FBAR compliant with my assistance.  They are unaware...

Experienced San Diego OVDP Attorney Explains Advantages of IRS Offshore Disclosures

Why should a US taxpayer consider the Offshore Voluntary Disclosure Program or OVDP to come into compliance with IRS FBAR and offshore reporting requirements? Janathan Allen, an experienced San Diego OVDP attorney explains the advantages of IRS offshore disclosure programs, and why it is important to comply: FATCA established an...

Streamlined Domestic Offshore Procedures Still a Viable Option for Foreign Nationals

The offshore focus of the US Treasury Department and the IRS is well documented, and many questions remain for those who have either yet to take action to come into compliance with IRS FBAR and offshore reporting or for foreign nationals who may not have realized the requirements.  Our office...

What Impact will the Inspector General’s Report Have on the OVDP and Offshore IRS Violators?

The Inspector General's office recently released a scathing report accusing the IRS of missing more than $39 Million in uncollected offshore tax revenues.  The report harshly criticized the IRS' complete failure to follow up on rejected OVDP and offshore IRS violators as well as internal assignment of personnel based upon...

IRS Missed $39 Million in OVDP Penalties

The US Treasury Department's Inspector General for Tax Administration has determined that the IRS missed an opportunity to collect over $39 Million in OVDP penalties from taxpayers who were either rejected or withdrew their application to the OVDP or Offshore Voluntary Disclosure Program. In a press release, Inspector General J....