Competent counsel should represent U.S. taxpayers who have failed to file FBARs reporting foreign financial accounts, or who have failed to report foreign financial assets or income therefrom on a U.S. income tax return. Click here for the full article.
Foreign mutual funds, known as passive foreign investment companies or “PFICs,” pose significant compliance burdens for U.S. taxpayers. Click here for the full article.
Beneficial ownership is a pivotal yet elusive concept in the foreign financial accounts arena. Click here for the full article.