It has been ten years since the IRS started winning big in foreign bank account cases. Now, the other offshore shoe has fallen in this IRS memorandum. The new rules are effective for all disclosures after 9/28/18. And the possible penalties have gone up..
New IRS Offshore Account Policy, Bigger...
If you still have an undisclosed offshore account, your risks are high. The IRS has new rules to help you fix it--and to warn you if you don't.accountantvip
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