In a big win for the IRS, a jury found it appropriate for a taxpayer with a foreign account to pay more in a penalty than his foreign account was worth. On May...

Yesterday’s Wall Street Journal (5/27/14) had an article entitled, “U.S. Broadens Tax Hunt.” The article states that the U.S. authorities are looking beyond Switzerland for American citizens who hid money abroad. For quite...

One of the areas that I focus on in my practice is unreported foreign accounts.  Several clients have come to me asking what they should do about their foreign accounts that...