For the most effective use of this blog and the links, readers must have the background and skills to test the information by further research and analysis before reaching any conclusion as to its usefulness and correctness in actual situations. Legal advice is always individual, considering the unique facts and circumstances of each client and shaping legal advice and strategies for the particular client. That simply cannot happen on this blog.
Pages
▼
Wednesday, September 10, 2014
COMPLEXITY WITH REGARD TO OFFSHORE DECISIONS
Research the risks vs. the benefits with regards to your specific facts and circumstances of your case :
OVDP
OVDP and Opt-out
Streamlined Process for taxpayers residing outside of the U.S.
Streamlined Process for taxpayers residing in the U.S.
Transitional Rules for those who’ve mailed their OVDP Letter before July 1, 2014.
Quiet Disclosure.
Qualified Quiet Disclosure.
Filing forward or GF.
Do nothing since Statutes of Limitations have run.
Traditional Voluntary Disclosure for those with domestic unreported income.
Traditional Voluntary Disclosure for those duals or green card holders residing outside the US with "offshore" unreported accounts/income or non filers.
Optional compliance procedures for those with unfiled FBARs but no unreported income.
Optional Compliance Procedures for those with unfiled information returns but no unreported income.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.