Offshore Banking

Offshore Banking is currently under great scrutiny by the US Justice and the IRS. Offshore bank accounts and offshore income require special reporting to the US government. Owning an offshore account is not illegal but US income taxpayers are required to declare and report any offshore bank accounts and income each year with their tax returns. The FBAR or Foreign Bank Account Report is used to report a financial interest in or authority over offshore accounts in a foreign country. The willful failure to disclose offshore accounts, or to report all of the information required on an FBAR, can result in severe civil and criminal penalties. Our office is experienced in assisting and representing clients with all of the reporting and tax implications of offshore banking.

Offshore Bank Accounts

We have many years of substantial experience with international tax issues, and related matters in advice, execution, and legal defense. If you have any questions or concerns regarding foreign business or investments, foreign bank account(s), reporting issues, amnesty programs, or any other legal issue, call (415) 394-7200 for an attorney-privileged consultation.

Also see, offshore disclosures, PFIC

Tax Topics Blog

Marijuana Accounting and Legal Compliance

Mon, 3 Jul 2017 19:08:00 -0500

The Cannabusiness Plan

Fri, 30 Jun 2017 18:55:00 -0500
Marijuana Accounting and Legal Compliance
Mon, 3 Jul 2017 19:08:00 -0500
The Cannabusiness Plan
Fri, 30 Jun 2017 18:55:00 -0500

Request a Consultation

   
Our Team   |   Disclaimer   |   RSS   |   Privacy
© Copyright 2007, 2016 Moskowitz LLP all rights reserved.
   
 
 
Linkedin icon   Twitter iconHTML5 Validation
Intelligent Design by: Shawn Hyde