
Golding & Golding Blog
578 FOLLOWERS
An International Tax Blog featuring the latest articles, news & updates. We are International Tax Lawyers for Taxpayers worldwide.
Golding & Golding Blog
1w ago
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
Golding & Golding Blog
2w ago
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
Golding & Golding Blog
2w ago
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
Golding & Golding Blog
2w ago
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
Golding & Golding Blog
2w ago
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
Golding & Golding Blog
2w ago
Expatriation Tax Planning for Long-Term Residents and U.S. Citizens One of the most common questions our international tax lawyers receive each year when U.S. Taxpayers get ready to renounce their U.S. citizenship or terminate their Lawful Permanent Resident status is whether or not they will have to pay an exit tax when they […]
The post Expatriation Tax Planning for Citizens or Long-Term Residents appeared first on International Tax Lawyers - IRS Offshore Voluntary Disclosure ..read more
Golding & Golding Blog
2w ago
Expatriation Tax Planning for Long-Term Residents and U.S. Citizens One of the most common questions our international tax lawyers receive each year when U.S. Taxpayers get ready to renounce their U.S. citizenship or terminate their Lawful Permanent Resident status is whether or not they will have to pay an exit tax when they leave […]
The post Exit Tax Planning for Citizen & Resident Expatriates (Examples) appeared first on International Tax Lawyers - IRS Offshore Voluntary Disclosure ..read more
Golding & Golding Blog
3w ago
There are many reasons why a U.S. Taxpayer (living in the U.S. or abroad) may fail to file a tax return in one year or multiple years. Oftentimes, this is common for taxpayers who are new to the United States and previously resided in a country that either did not tax personal income or resided […]
The post Offshore Penalty Risks of a CP88 Notice of Unfiled Tax Return appeared first on International Tax Lawyers - IRS Offshore Voluntary Disclosure ..read more
Golding & Golding Blog
1M ago
Understanding IRS Form 8621 While there are many different types of international information reporting forms that taxpayers may have to file to disclose their foreign accounts, assets, investments, and income — one of the most complicated and misunderstood forms is IRS Form 8621. Form 8621 is used to report PFIC (Passive Foreign Investment Companies). The […]
The post How to Avoid Form 8621 Tax Filing Mistakes: Form 8621 FAQs appeared first on International Tax Lawyers - IRS Offshore Voluntary Disclosure ..read more
Golding & Golding Blog
1M ago
FBAR (Foreign Bank and Financial Account) The US Government requires US Taxpayers who own foreign assets and accounts to disclose this foreign account information on FinCEN Form 114 — otherwise known as the FBAR — in addition to filing a US Tax Return. FBAR refers to the Report of Foreign Bank and Financial Accounts, which […]
The post The Beginner’s Guide to Filing FBAR with Common Examples appeared first on International Tax Lawyers - IRS Offshore Voluntary Disclosure ..read more