In an era of increasing scrutiny on offshore accounts, the U.S. government has aggressively pursued individuals who fail to disclose their foreign financial holdings. The recent case of U.S. v. Leeds, ...

Enforcing foreign bank account reporting requirements through penalties has been an IRS priority for several years, spawning numerous precedent-setting cases throughout the courts. In the latest such ...

Forbes contributors publish independent expert analyses and insights. Admitted NY Bar and US Tax Court, covers US international tax law. FBAR obligations are confusing. They are due the same date as ...