http://netvouz.com/lillymark/tag/fatca?feed=rss lillymark's bookmarks tagged "fatca" on Netvouz http://www.mytaxfiler.com/blog/beanie-babies-founder-ty-warner-to-pay-53m-for-offshore-tax-evasion/ H. Ty Warner, age 69, created Beanie Babies and spawned a generation of collectors. He created wealth for himself and others, since some of the plush stuffed animals became collector’s items worth thousands. But he did some of it in secret Swiss accounts and the IRS now stands to collect a $53 million fine. Charged with tax evasion, Mr. Warner has already said he’ll plead guilty. See DOJ Press Release. - See more at: http://www.mytaxfiler.com/blog/beanie-babies-founder-ty-warner-to-pay-53m-for-offshore-tax-evasion/#sthash.PJ8PteKM.dpuf lillymark Wed, 13 Nov 2013 10:23:32 GMT http://www.mytaxfiler.com/blog/beware-global-irs-reach-and-very-long-memory/ Does the IRS forgive or forget? Rarely, and when it comes to offshore accounts, even more seldom. - See more at: http://www.mytaxfiler.com/blog/beware-global-irs-reach-and-very-long-memory/#sthash.IPNWRtw4.dpuf lillymark Thu, 13 Feb 2014 04:23:21 GMT http://www.mytaxfiler.com/blog/fatca-blues-opt-out-of-irs-offshore-program/ Anyone with undisclosed foreign accounts or income should get some advice and consider how to address the problem. lillymark Fri, 04 Jul 2014 17:42:17 GMT http://www.mytaxfiler.com/blog/fatcas-bleak-choices-for-accounts-income-disclosure/ Is any offshore income, account or trust still secret? The only safe assumption is no. And contrary to public opinion, it is not merely a prospective problem. Many equate the question solely to FATCA, the pervasive U.S. law enacted in 2010 that is now unfurling to impact global banks and depositors in 2014. lillymark Fri, 07 Feb 2014 11:30:29 GMT http://www.mytaxfiler.com/blog/irs-nets-offshore-data-from-77000-banks-70-countries-in-fatca-push/ An astounding 77,000 banks and financial institutions ? even some in Russia?have registered under FATCA - the Foreign Account Tax Compliance Act. lillymark Wed, 09 Jul 2014 02:14:51 GMT http://www.mytaxfiler.com/blog/irs-not-fully-ready-for-law-against-offshore-tax-evasion-watchdog/ The Internal Revenue Service has spent 19 months and more than $8.6 million getting ready to enforce a new law against offshore tax evasion that takes effect next year, but the agency is still not prepared, a watchdog group said on Thursday. - See more at: http://www.mytaxfiler.com/blog/irs-not-fully-ready-for-law-against-offshore-tax-evasion-watchdog/#sthash.RDB7AMlS.dpuf lillymark Fri, 28 Feb 2014 07:07:40 GMT http://www.mytaxfiler.com/blog/is-filing-your-first-fbar-admitting-to-a-crime/ Is filing your first FBAR admitting to a crime? Hardly, but this is a common worry. Perhaps you learned only recently that you had to file annual FBARs for foreign accounts. Now that you do, should you file? See Should You File FBAR For The First Time? lillymark Thu, 13 Feb 2014 05:17:53 GMT http://www.mytaxfiler.com/blog/push-for-fatca-agreements-continues-with-12-pacts-signed-more-under-way/ The push for agreements to implement the Foreign Account Tax Compliance Act continues as the U.S. government works with dozens of jurisdictions on pacts to facilitate information reporting on accounts held in foreign banks by U.S. taxpayers. - See more at: http://www.mytaxfiler.com/blog/push-for-fatca-agreements-continues-with-12-pacts-signed-more-under-way/#sthash.Lmi289ud.dpuf lillymark Mon, 24 Feb 2014 10:11:16 GMT http://www.mytaxfiler.com/blog/swiss-bank-frey-to-close-over-irs-investigation/ Bank Frey’s “Truly Swiss, Truly Private” slogan could soon be “Truly Closed.” The bank is one of 14 under investigation for allegedly helping Americans evade taxes. lillymark Mon, 13 Jan 2014 07:06:44 GMT http://www.mytaxfiler.com/blog/trending-now-giving-up-u-s-citizenship/ When CNN reports U.S. Citizens Ditching Passports in Record Numbers, it must be true. Like CNN’s election night coverage. lillymark Fri, 17 Jan 2014 10:06:30 GMT