Late Filing

Posted by Expat News.  

Owe The IRS? Then You Won’t Be Traveling Abroad!

irs debt passport renewal traveling
Do you plan to travel abroad but your passport is about to expire? And, you owe the IRS? Or, may be you are one of the American expats that hasn’t filed a tax return since you moved abroad? Well, embrace yourself for some unpleasant surprises like a passport denial or...
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American expats, are your Swiss banks asking you to file US tax returns?

swiss banks compliance expats
It appears that Swiss banks have turned the other cheek, so to speak. For decades they have supported secrecy in the banking industry. Now they are preaching to their American clients the benefits of transparency. Is this simply coincidence as they try to get around the possibility of paying the...
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You Won’t Believe Who HSBC Is Helping to Hide Offshore Accounts For

hsbc offshore accounts investigation
For years, HSBC Holdings Plc, the private-banking unit in London, has made substantial profits with accounts that many won’t believe. Sources have reported that arms dealers, drug cartels, fugitive diamond merchants and tax evaders have all hid money with the aid of HSBC. As a result, HSBC along with several...
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Voluntary Disclosure, John Doe Summons and Undisclosed Offshore Accounts

The IRS is counting major victories in finding undisclosed offshore accounts and non-compliant taxpayers. The information is coming from various sources: FATCA, Offshore Voluntary Disclosure Program, whistle-blowers, ISIJ report about offshore banking accounts and “John Doe” Summons. We earlier wrote an article about IRS Voluntary Disclosure Program. The Offshore Voluntary...
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