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261 E. Maple Road
Birmingham, MI 48009

Phone: (866) 501-5758

SmartFinds is a web-marketing agency with over 20+ years experience in the Internet industry. As a full service, broad competency and experience agency we are able to become our client’s strategic partner managing all aspects of the digital presence, technologies and vendors.

Taxpayer Weekly Webinar Discusses Foreign Assets, Foreign Banking and IRS Compliance Starting December 9, 2014

Birmingham, MI December 2, 2014 - Weekly webinar helps taxpayers learn more about FATCA compliance, OVDP and options to alleviate IRS compliance fears presented by Jeffrey S. Freeman, J.D., LL.M of Freeman Tax Law Foreign banking and foreign assets has been under intense scrutiny and the Foreign Tax Compliance Act (FATCA) passed in March 2010 has complexities many US taxpayers do not quite understand. If you are an account holder with foreign financial institutions you are required, as is your foreign financial institution, to report your foreign assets to the IRS. Offshore bank account holders are required to stay in compliance with the IRS regarding existing accounts and assets. Having a foreign bank account or assets that have not been properly disclosed could expose you to large civil and criminal fines and penalties. Foreign Bank Accounts and Tax Implications Foreign banking has been under intense scrutiny over the past several years and the roll out of the Foreign Account Tax Compliance Act (FATCA) provides a new complexity that account holders are still working to understand. Having a foreign offshore bank account or assets that have not been properly disclosed could expose you to large civil and criminal fines and penalties. [...]

By | 2017-01-01T11:26:40+00:00 December 2nd, 2014|Freeman Tax Law, News and Events|Comments Off on Taxpayer Weekly Webinar Discusses Foreign Assets, Foreign Banking and IRS Compliance Starting December 9, 2014