http://netvouz.com/lillymark/tag/ovdi?feed=rss&pg=1 lillymark's bookmarks tagged "ovdi" on Netvouz 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/portola-valley-calif-man-sentenced-to-prison-for-failure-to-report-foreign-bank-accounts-held-at-ubs/ Christopher B. Berg of Portola Valley, Calif., was sentenced yesterday to one year and one day in prison to be followed by three years supervised release. lillymark Thu, 03 Jul 2014 12:10:56 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/swiss-bank-indicted-on-u-s-tax-charges/ Wegelin & CO., a Swiss private bank, was indicted today for conspiring with U.S. taxpayers and others to hide more than $1.2 billion in secret accounts and the income these accounts generated from the Internal Revenue Service (IRS), the Justice Department announced today. This is the first time an overseas bank has been charged by the United States for facilitating tax fraud by U.S. taxpayers. lillymark Mon, 16 Jul 2012 10:14:59 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 http://www.mytaxfiler.com/blog/u-s-inks-fatca-tax-deals-with-9-nations-pursues-80-more-during-6-month-reprieve/ The war on tax evasion is no secret. It started with the U.S., which is still the big driver. But the war extends outward like the spokes of a wheel. And the spokes seem to be multiplying. Soon the wheel will look like a porcupine. lillymark Fri, 07 Feb 2014 11:24:04 GMT http://www.mytaxfiler.com/blog/ubs-clients-and-tax-attorney-indicted-in-phoenix-for-hiding-assets-in-secret-foreign-bank-accounts/ Former San Diego Resident Arrested in Miami after Being Expelled From Panama. Phoenix-area businessmen Stephen M. Kerr and Michael Quiel and former San Diego attorney Christopher M. Rusch were charged in Phoenix with conspiracy to defraud the Internal Revenue Service (IRS) for concealing millions of dollars in assets in numerous secret Swiss bank accounts held at UBS and elsewhere, the Justice Department and Internal Revenue Service (IRS) announced. lillymark Mon, 16 Jul 2012 08:51:00 GMT http://www.mytaxfiler.com/blog/what-to-say-when-not-if-your-offshore-bank-asks-are-you-compliant-with-irs/ More than 7 million Americans live abroad, and most have bank accounts there. Many other Americans have overseas bank accounts too. Most are receiving letters from their banks about their American status. - See more at: http://www.mytaxfiler.com/blog/what-to-say-when-not-if-your-offshore-bank-asks-are-you-compliant-with-irs/#sthash.Fyblyf0E.dpuf lillymark Fri, 28 Feb 2014 08:07:58 GMT http://www.mytaxfiler.com/blog/whats-fatca-global-banking-meets-nsa-but-reports-to-irs/ FATCA was quietly enacted in 2010 in a big messy bill called the Hiring Incentives to Restore Employment Act of 2010 (P.L. 111-147). Who names these bills? If you are paying higher healthcare premiums today, note that Obamacare is actually called the Affordable Care Act. And has any “Tax Simplification Bill” actually done it? lillymark Mon, 03 Feb 2014 11:23:41 GMT