Certified Public Accountants CPAs – Santa Ana, Orange County California & Business Advisors

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IRS Announces 2011 Offshore Voluntary Disclosure Initiative

On Tuesday, February 8th, the Internal Revenue Service announced that it will be offering another chance for taxpayers with foreign accounts to get in compliance with federal tax law. Under the 2011 Offshore Voluntary Disclosure Initiative, taxpayers have until August 31, 2011 to disclose offshore assets and income to the IRS. While the terms of [...]

Amnesty International: the IRS and Overseas Accounts

By Yana Weaver The new IRS amnesty plan is for people who have undisclosed foreign bank and other financial accounts overseas and/or who have unreported income from those accounts. If you fall under the “unreported income” category you will need to talk to an attorney who can guide you through this process. If you need [...]

Posted Under: CPA Orange County
This post was written by admin on August 11, 2009 Comments (0)