Foreign Income & Asset Compliance Is Growing Every Year.
More and more people are coming forward and properly reporting this foreign income than ever before. Recent Michael Cohan case has put a new spotlight on this issue. On September 29th, Sanjiv Gupta CPA will discuss the details of Foreign Income and Assets Reporting.
How did the IRS learn about the money hidden in an offshore account? From the SWISS Bank. Yes, Banks across the world are now sharing information with the US agencies. In fact, as per FATCA rules, foreign banks get penalized for non-compliance.
In the upcoming webinar, Sanjiv will go over what needs to be reported and what should be ignored. He will be available to answer your questions as well.