The Internal Revenue Service has announced the end of the Offshore Voluntary Disclosure Program (OVDP). The deadline for full and final submissions has been announced as 28 September 2018. The OVDP program has been around in one form or another since 2009. It is...
A reminder that the 2015 Report of Foreign Bank and Financial Accounts (FBARs) Form FinCen 114 is due for filing by 30 June 2016 and there are no extensions available. The change in due dates comes into effect for the 2016 tax year, when the due date changes to 15...
Whilst the first filing deadline for individual United States income tax returns has now passed, the Report of Foreign Bank Accounts (FBAR) is due for filing by 30 June and can now be filed online. The report, Form TD F 90-22.1, (Form) is filed separately to Form 1040...
On the subject of taxpayer advocacy, the National Taxpayer Advocate delivered it’s annual report to Congress last week. Which actually turns out to be quite an eye-opener for a number of reasons. The report’s number one recommendation was the need for tax...
