How U.S. Citizens Get Duped into Global Citizenships and Visas In recent years, there has been an increase in offshore and global tax and finance scams targeting wealthier Americans and U.S. Citizens. These offshore shysters promote a purported ‘tax-free offshore lifestyle’ that does not really exist to Americans by making them believe they […] The post How U.S. Citizens Get Duped into Global Citizenships and Visas appeared first on International Tax Lawyers - IRS Offshore Voluntary Disclosure ..read more

Is FinCEN Form 114 the Same as FBAR? A  very common question we receive at Golding & Golding (International Tax Law Specialists) is whether the FinCEN Form 114 and FBAR are the same — and the answer is yes. Technically, the FBAR is a FinCEN form and it is a peculiar form because while it […] The post Is the FinCEN Form 114 the Same as FBAR, How to Complete appeared first on International Tax Lawyers - IRS Offshore Voluntary Disclosure ..read more

What is Tax Avoidance vs Tax Evasion? When U.S. taxpayers violate the Internal Revenue Code, oftentimes their biggest concern becomes whether they committed tax fraud or tax evasion. While tax fraud may be civil or criminal, tax evasion is a felony tax crime. Another common phrase that gets co-mingled with the term tax evasion is […] The post What’s the Difference Between Tax Avoidance and Evasion (Examples) appeared first on International Tax Lawyers - IRS Offshore Voluntary Disclosure ..read more

IRS Passport Restrictions When U.S. Taxpayers living in the U.S. or abroad have not complied with the Internal Revenue Service tax and reporting rules, the Internal Revenue Service has various mechanisms at their disposal to go after taxpayers to enforce tax liabilities and to collect debts. The IRS may issue fines and penalties, file a […] The post How IRS Passport Revocation for Taxes Leads to Travel Restrictions appeared first on International Tax Lawyers - IRS Offshore Voluntary Disclosure ..read more

How to Report Foreign Bank Accounts  Individuals who are considered U.S. persons for tax purposes may have several international information reporting requirements to comply with each year to disclose their foreign accounts, assets, investments, income, trusts, and entities to the U.S. government. While many U.S. taxpayers are familiar with the FBAR and Form 8938 (FATCA), […] The post How to Report Foreign Bank Accounts for U.S. Taxes (Examples) appeared first on International Tax Lawyers - IRS Offshore Voluntary Disclosure ..read more

How Offshore Investment Firms Get Americans in Trouble Unfortunately, U.S. taxpayers with significant wealth can be a target for offshore investment companies who convince taxpayers to invest their money overseas to avoid U.S. taxes. To achieve this outcome, taxpayers will find themselves in shady situations which are often illegal and can lead to both civil […] The post Examples of Dangerous Foreign Investment Strategies to Avoid appeared first on International Tax Lawyers - IRS Offshore Voluntary Disclosure ..read more

Were You Talked Into Committing Offshore Tax Evasion? Most tax violations are civil and not criminal. That means while a taxpayer may become subject to IRS fines and penalties, they are not at risk for a potential loss of liberty such as jail or prison. However, sometimes a violation may become criminal such as tax […] The post Were You Talked Into Committing Offshore Tax Evasion? appeared first on International Tax Lawyers - IRS Offshore Voluntary Disclosure ..read more

Important New Offshore Tax Evasion Investigation   In recent years, the Internal Revenue Service has significantly increased enforcement of offshore tax evasion. Often, this will involve tax crimes such as fraud, evasion, and even money laundering — mixed with unreported foreign accounts and assets and the non-filing of forms such as the FBAR and Form 8938. […] The post Important New Offshore Tax Evasion Investigation (Trident) appeared first on International Tax Lawyers - IRS Offshore Voluntary Disclosure ..read more

FATCA Reporting FATCA refers to the Foreign Account Tax Compliance Act. While there are many different components to FATCA, for U.S. person individuals living in either the United States or overseas the key issue is ensuring that taxpayers properly report their foreign accounts, assets, and investments to the U.S. government on Form 8938. The FATCA […] The post FATCA Reporting Filing Requirements: 2025 FATCA Examples appeared first on International Tax Lawyers - IRS Offshore Voluntary Disclosure ..read more

IRS Cross-Border Tax Collection and Seizures of Foreign Assets The United States has entered into many cooperation agreements and treaties with foreign countries, which makes it easier for them to go beyond the U.S. borders to seize accounts and assets of taxpayers who are non-compliant with U.S. tax law. For example, if the U.S. government […] The post How the IRS Goes Cross-Border to Seize Your Foreign Assets appeared first on International Tax Lawyers - IRS Offshore Voluntary Disclosure ..read more