What do you need to know about the attorney client privilege and how can this provide important protections to individuals and business professionals? The Attorney-Client Privilege is an evidentiary rule that protects both attorneys and their clients from being compelled to disclose confidential communications between them made for the purpose...
Argentina’s Offshore Amnesty Program Nets $5.2 Billion in Taxes
Argentinas offshore amnesty program nets $5.2 Billion in taxes after Argentinians disclosed over $90 Billion in previously hidden assets. Under the law Argentines could disclose offshore cash and assets to the government and pay a 10% tax. Argentine tax payers have an extension to disclose further offshore cash until the...
Record Number of FBARs Filed in 2015 – up 8% over 2014
The IRS has reported that the number of "Report of Foreign Bank and Financial Reports" or FBARs filed in 2015 is up by more than 8 percent over 2014. A staggering 1,163,229 FBARs were filed with the IRS, continuing the trend of an increasing number of US taxpayers filing the...