Category: International Tax Blog

Is There Any Way to Avoid Paying FBAR Penalties?

Avoid FBAR Penalties

You may be able to avoid paying FBAR penalties if you qualify for a delinquent FBAR submission or the Streamlined Compliance Procedures.  These voluntary disclosure methods eliminate or reduce your tax penalties while getting you into reporting compliance. Key Insights We Will Discuss:  The qualifications for a delinquent FBAR submission or the Streamlined Procedures. The benefits… Read more »

How to File an FBAR for Previous Tax Years

FBAR

Immersing yourself into different cultures overseas can be adventurous, but if you’re not careful, you could come back to the states to find yourself out of compliance with the IRS. The United States and Eritrea, a country located on the northeastern coast of Africa, are the only two countries in the world that base their… Read more »

Apple’s Irish Tax Haven: Are US Corporate Taxes Too High?

The United States May Be Forcing Corporations to Foreign Tax Havens The United States loses a huge amount in taxes every year due to companies like Apple Computer seeking a foreign tax haven. In 2013, a report from the Senate Permanent Subcommittee on Investigations stated that Apple, which currently has a remarkable $230 billion in… Read more »