Not everyone is intentionally doing something wrong when it comes to filing taxes. In some cases, it is simply a lack of understanding of U.S. rules and regulations. If an immigrant has been in the U.S. for 180 days, they…
This article by Robert E. McKenzie was originally published in Forbes.
The IRS is cracking down on money hidden in foreign offshore banks accounts. The Associated Press is reporting that more than 77,000 foreign banks have agreed to share information about U.S. account holders. "The list includes 515 Russian financial institutions. Russian…
106 Swiss banks have signed agreements to provide information about U.S. account holders. "The current Offshore Shore Disclosure Program (OVDP) began in January 2012 continues until it is terminated by the Service. Taxpayers whose names have yet to be disclosed…
Tax attorney Robert E. McKenzie discuss IRS voluntary disclosure practice.
9-19-13 Robert E. McKenzie Quoted in Forbes on Secret Israeli Bank Accounts
2-3-12 Robert E. McKenzie USA Today Quote on Wegelin Bank Indictment for Helping Americans Hide Money Offshore
Robert E. McKenzie comments for Accounting Today on IRS 2012 offshore initiative
On January 9, 2012 the Internal Revenue Service reopened the offshore voluntary disclosure program to help people hiding offshore accounts get current with their taxes and announced the collection of more than $4.4 billion so far from the two previous international programs.
McKenzie Quoted on Offshore Accounts by Wall Street Journal MarketWatch.