Material Advisors & 419 Plans Litigation: DEPARTMENT OF THE TREASURY INTERNAL REVENUE SERVIC...
Material Advisors & 419 Plans Litigation: DEPARTMENT OF THE TREASURY INTERNAL REVENUE SERVIC...: WASHINGTON, DC 20224 LARGE BUSINESS AND INTERNATIONAL DIVISION LB&I Control No.: LB&I-20-0211-001 Impacted IRM: 20.1.1,20.1.5 ...
Subscribe to:
Post Comments (Atom)
FBAR/OVDI LANCE WALLACH
FBAR Foreign Bank Account Reporting The IRS is assessing huge penalties for undisclosed foreign bank accounts, assets & income. Click for more info FBAR FILING DEADLING HAS BEEN EXTENDED
Tuesday, August 20, 2013
FBAR & INT'L Tax Report!
Need Help With Your Foreign Bank Account?
Click Link Below Free FBAR & INT'L Tax Alert report
http://lawyer4audits.com/fbar-ovdi-international.html
Posted by Lance Wallach at 12:57 PM
Email This
BlogThis!
Share to Twitter
Share to Facebook
Share to Pinterest
Labels: FBAR, international tax, Lance Wallach, Opt-Out, OVDI
1 comment:
lance wallachMarch 12, 2014 at 3:25 PM
FBAR/OVDI LANCE WALLACH
FBAR Foreign Bank Account Reporting The IRS is assessing huge penalties for undisclosed foreign bank accounts, assets & income. Click for more info FBAR FILING DEADLING HAS BEEN EXTENDED
Tuesday, December 24, 2013
FBAR Offshore Bank Accounts and Foreign Income Attacked by IRS
FBAR Offshore Bank Accounts and Foreign Income Attacked by IRS
Posted by Lance Wallach at 9:19 AM 1 comment:
Email This
BlogThis!
Share to Twitter
Share to Facebook
Share to Pinterest
http://lancewallachchfc.blogspot.com/
https://www.youtube.com/watch?v=WTMWg6bn0Bc
http://multinationaltaxesfbarovdi.blogspot.com/2013/12/fbar-international-tax-alert-report.html?showComment=1397481749542#c7747324770018422953
click the links for more information
Contact Information
Email :
Lanwalla@aol.com
Phone :
516-983-5007
Address :
Lance Wallach
www.TaxAudit419.com
www.Vebaplan.org
IRS Form 8938
FATCA requires any U.S. person holding foreign financial assets with an aggregate value exceeding $50,000 to report certain information about those assets on a new form (Form 8938) that must be attached to the taxpayer’s annual tax return. Reporting applies for assets held in taxable years beginning on or after January 1, 2011. Failure to report foreign financial assets on Form 8938 will result in a penalty of $10,000 (and a penalty up to $50,000 for continued failure after IRS notification). Further, underpayments of tax attributable to non-disclosed foreign financial assets will be subject to an additional substantial understatement penalty of 40 percent.
Under FATCA, U.S. taxpayers holding financial assets outside the United States must report those assets to the IRS on a new form attached to their tax return. Penalties apply for failure to comply with this new reporting requirement. Reporting is required for assets held in taxable years beginning on or after January 1
5 1 6 - 9 3 8 - 5 0 0 7
wallachinc@gmail.com
Lance Wallach
More Credentials:
National Society of Accountants
Speaker of the Year and member of
the
AICPA faculty of teaching
professionals
Frequent speaker on retirement
plans, financial and estate planning,
and abusive tax shelters.
Writes about 412(i), 419, and
captive insurance plans.
Speaks at more than ten
conventions annually
Writes for mo