Category Archives: IRS Programs

In recent years, the IRS has aggressively enforced foreign bank and financial account reporting requirements. The Foreign Bank and Financial Account Report is a financial filing requirement used by individuals with foreign assets. U.S. persons are required by law to submit the FBAR by the April 15th IRS filing deadline. Taxpayers who do not comply […]

If you’re a U.S. taxpayer residing outside the United States, you might be eligible for the IRS streamlined foreign offshore procedure (SFOP). Under certain specific circumstances, this program might streamline the process of making up for failure to pay taxes while you were living abroad. Learn more about the SFOP, and find out whether you’re […]

The IRS is a powerful debt collector, to say the least. They have the entire mechanism of the government’s resources at their disposal, and they will utilize it to ensure that they are able to collect unpaid taxes. Although the IRS is incredibly aggressive, the system is inherently fair, because there are plenty of potential […]

If you have foreign assets and/or accounts, you need to be aware of reporting requirements under the Foreign Account Tax Compliance Act (FATCA).

Marriage and finances are absolutely intertwined, which can lead to some shocking revelations of tax liability when one partner is left in the dark. That’s why the IRS offers the “Innocent Spouse” program.

Looking to take advantage of the Tax Cuts and Jobs Act? Learn about a new tax deduction that may benefit your business.

If you need tax relief, there is some good news: the IRS offers several tax relief program options to citizens who need a little help.

If you’ve suffered sudden, unavoidable financial hardship, the IRS may be willing to work with you and offer tax relief. Find out what types of scenarios qualify for IRS penalty abatement.

The deadline to file your FBAR is rapidly approaching. Here’s how to make sure you file FinCEN form 114 and properly disclose foreign assets and earnings.

The IRS is ending its Offshore Voluntary Disclosure Program (OVDP), which means that the last chance to take advantage of this hugely beneficial amnesty program is rapidly approaching.