Dave represented several of the 1,500 UBS account holders with account balances in excess of $1 million disclosed to the IRS in 2008. He has kept up on the disclosure and compliance requirements as the IRS procedures have evolved.
Dave has given a series of interviews over the years explaining the development of the issues and the compliance requirements. Here are the links to these interviews. All interviews were by Michael Gray, CPA and produced by his always very interesting Financial Insider Weekly Program.
Michael Gray interviews David S. Howard, Attorney at Law about "Properly reporting foreign assets" for Financial Insider Weekly. They discuss the foreign account disclosure requirements of the IRS, why someone might have a foreign account, and when foreign money is taxed.
Michael Gray interviews David S. Howard, Attorney at Law about "Properly reporting foreign assets" for Financial Insider Weekly. They discuss the foreign account disclosure requirements of the IRS, why someone might have a foreign account, and when foreign money is taxed.
Michael Gray interviews David S. Howard, Attorney at Law about "Properly reporting foreign assets" for Financial Insider Weekly. They discuss the foreign account disclosure requirements of the IRS.
They discuss FBAR filing, penalties for not filing, and when you should join a voluntary disclosure program.
What needs to be reported, who needs to do it, what the penalties are if you don't, and why your CPA may not help.
Getting in compliance with the requirements for foreign bank accounts and foreign trusts which are nicknamed FBAR. Forms and deadlines necessary for filing taxes in reference to them.
Part 1 of 2 includes what needs to be disclosed.
Part 2 of 2 talks about when you should talk to an attorney instead of a CPA.
Part 1 of 3 talks about how offshore accounts are treated differently now and penalties for not reporting.
Part 2 of 2 talks about when you should talk to an attorney instead of a CPA.
Part 3 of 3 includes what to do if you get a notice from the IRS about your foreign account.