Tag Archives: Offshore

Cryptocurrency IRS Offshore & Foreign Reporting (2018 Update)

Cryptocurrency IRS Offshore & Foreign Reporting (2018 Update) by Golding & Golding Cryptocurrency IRS Offshore & Foreign Reporting (2018 Update) Unfortunately, at the time of writing of this article, the U.S. government agencies responsible for International and Offshore Reporting (FinCEN … Continue reading

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UK Parliament Votes to Crack down On Anonymous Offshore Companies

On Tuesday, the British parliament voted to add an amendment to the UK Sanctions and Anti-Money Laundering Bill to require 14 overseas territories, among them the Cayman Islands and the British Virgin Islands, to implement public ownership registers by 2020. … Continue reading

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Internal Revenue Service Reminds Taxpayers to Report Offshore Bank Accounts on FBAR Form

The Internal Revenue Service has issued its annual reminder to taxpayers that they report their foreign assets on their individual tax returns due on April 17, 2018. Individuals with offshore assets such as bank accounts generally have up to three … Continue reading

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IRS: Offshore tax cheating remains on ‘Dirty Dozen’ list of tax scams

The IRS released their yearly Dirty Dozen tax scams for 2018. Offshore tax cheating remains on its list this year, despite the large number of taxpayers who have voluntarily come forward since the offshore voluntary disclosure program was implemented. Here’s … Continue reading

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Offshore Tax Evasion Rounds Out IRS Annual “Dirty Dozen” for 2018

The Internal Revenue Service has issued a warning to taxpayers about avoiding taxes by hiding money or assets in unreported offshore accounts, a tax scam that remains on the annual “Dirty Dozen” for 2018. Offshore tax compliance has been a … Continue reading

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