It's been more than a year since the international "Panama Papers" scandal hit where 11.5 million documents disclosed the true owners of more than 214,000 offshore "shell" companies. Postmortem tidbits from the Panama Papers provide insight into the genuine risks offshore investors, international businesses, US expats, and foreign nationals living...
US Taxpayers Identified in Panama Papers Should Immediately File OVDP
One thing is clear about the massive release of additional documents in the "Panama Papers" scandal yesterday: It's only a matter of time. There are several US taxpayers identified in yesterday's information release who should seriously consider their position and immediately file OVDP application to avoid potential criminal exposure for tax...
36 US Taxpayers Exposed for Tax Fraud by Panama Papers
A new batch of data in the "Panama Papers" was released this morning by the International Consortium of Journalists - the group of international journalists who is managing the editing and release of 11.5 million documents collectively known as the Panama Papers. 36 US taxpayers were among those exposed for...
No Extension for June 30 FBAR Filing Deadline – Panama Papers Ruffle Feathers
There will be no extension to the June 30 FBAR filing deadline for US taxpayers who are required to file an IRS FBAR (Report of Foreign Bank and Financial Accounts). FBAR forms must be submitted electronically on or before June 30, 2016 for tax year 2015. Who must file an...