Venar Ayar, JD, LLM (Tax)
August 28, 2020 No Comments
Do you hold overseas banking accounts? Do your foreign accounts exceed $10,000? Have you failed to disclose foreign holdings to the IRS? If you answered “yes” to any of these…
Venar Ayar, JD, LLM (Tax)
April 13, 2020 No Comments
If you have money in foreign bank accounts, you are not immune from disclosing that information to the IRS. The Foreign Account Tax Compliance Act (FATCA) requires foreign financial institutions…
Venar Ayar, JD, LLM (Tax)
November 18, 2019 No Comments
The IRS does not use the word amnesty. What it publishes is a short list of disclosure options. As of 2026, that list has three entries: the Criminal Investigation Voluntary…
Venar Ayar, JD, LLM (Tax)
June 17, 2016 No Comments
Owning a foreign life insurance policy is not itself a taxable event. The tax arrives when a policy that is life insurance under foreign law fails the numerical tests in…
