Compliance Issues OVDI Streamlined Procedure Tax Amnesty Tax Compliance

Panama Papers: Department of Justice Continues Investigation on U.S. Citizens

In early May, a massive leak of documents from the Panamanian law firm Mossack Fonseca & Co. known as the Panama Papers showed evidence of the firm creating hundreds of…

Compliance Issues OVDI Streamlined Procedure Tax Amnesty Tax Compliance

Panama Papers: Department of Justice Investigates Mossack Fonseca Employees

Documents, known as the Panama Papers, from the Panamanian law firm Mossack Fonseca & Co., showed evidence of the firm creating hundreds of thousands of shell companies and offshore accounts…

Compliance Issues Tax Amnesty Tax Compliance

The White House Speaks on Panama Papers

Following a leak in April of the so-called “Panama Papers,” documents evidencing assets being hidden by shell companies owned by some of the world’s most powerful and influential leaders and…

Compliance Issues Tax Amnesty Tax Compliance

Panama Papers Reveal Hidden Assets of Worldwide Elite

Dubbed the “Panama Papers,” an extensive 11 million document trove from Panamanian law firm Mossack Fonseca was leaked to Süddeutsche Zeitung, Germany’s largest national subscription newspaper; it has been analyzed…

International Taxation OVDI Tax Amnesty

Tax Evaders Come Clean in Germany

In 2014, Uli Hoeness, a celebrity soccer manager in Germany, was sentenced to three and a half years in prison for evading € 28.3 million in taxes.  The case was…

FATCA OVDI Streamlined Procedure Tax Amnesty

More Banks Added to IRS’ Disclosure Blacklist

The IRS maintains a list of Foreign Financial Institutions or Facilitators, essentially a blacklist of institutions which have been determined to be complicit in evasion of U.S. taxes.  While taxpayers…

Streamlined Procedure

Eligibility for Streamlined Foreign Offshore Procedure

The Streamlined Foreign Offshore Procedure allows an individual who has U.S. tax filing obligations but is not residing in the U.S. to come into compliance with their filing obligations for…

Foreign Tax Preparation OVDI

IRS Issues New Rules for Offshore Voluntary Disclosure

The IRS has announced (IR-2014-73) changes to its offshore voluntary compliance programs. These changes provide new options for taxpayers residing overseas and in the United States come into compliance their…

Compliance Issues Tax Amnesty

Zurich Bank Under US Investigation for Tax Evasion

Rahn & Bodmer Co. a Zurich Private Bank, Under U.S. investigation for aiding in American Tax Evasion One of the oldest private banks in Zurich, Rahn & Bodmer Co., has…