Should You File Late IRS Disclosures of Overseas Accounts or Assets?

Should You File Late IRS Disclosures of Overseas Accounts or Assets? Should You File Late IRS Disclosures of Overseas Accounts or Assets? (Golding & Golding) Yes, you should. And no, you are not alone. There are many individuals from around the world who are in the same situation as you.  They are ethical and diligent individuals (aren’t we all), who for one reason or another did not report their offshore, foreign or international (The IRS uses these terms interchangeably) accounts, assets, investments and/or income to the IRS. Typically, this will include a mishmash of: Foreign Income Foreign Assets Foreign Accounts Foreign Investments Foreign Life Insurance Foreign Rental Properties General Information (Free Tax Library) You can bet that if it is something that needs to be reported to the IRS from overseas, we have written an informative blog post or article on the subject (you can find more by searching our free, comprehensive International Tax Law Library…

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