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Tagged: IRS

FBAR Filing Basics 0

FBAR Filing Basics

If you are US citizen, Resident or Expat and you hold accounts in a foreign bank or foreign financial institution with a balance that exceeds $10,000 at any time of the year, you are obligated to...

OVDP Offshore Voluntary Disclosure 0

OVDP: Offshore Voluntary Disclosure

The OVDP program allows for taxpayers to work with the IRS, and get current with their tax returns, pay penalties on undisclosed income, and in general, come clean about monies located in offshore accounts....

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