In late March, the U.S. Department of the Treasury issued the fiscal year 2018 financial report for the U.S. government. The report had some bad…
Understanding FBAR Disclosure Responsibilities
When Must an Entity or Connected Individual File?
The Treasury Department's Financial Crimes Enforcement Network (FinCEN) Form 114, the Report of Foreign Bank and Financial Accounts—colloquially known as FBAR—has become famous due to…
Taxation of multinational corporations has been a focus of the U.S. Department of the Treasury, tax professionals, and politicians for many years. One major concern…
TPP | Reasonable Cause for International Information Return Penalties
What Is the Standard?
The Internal Revenue Code (IRC) requires the filing of a number of different information returns with respect to foreign entities or transactions. These “international information…