Did you check "no" on your Schedule B part III line 7a?

Subpart F rules

Subpart F rules

Should I file an offer in compromise?

Should I file an Offer in Compromise

Should I file an Offer in Compromise

OVDP for domestic & offshore corprations and other entities

IRS OVDP for corporations and other entities, domestic or offshore

IRS OVDP for corporations and other entities, domestic or offshore

That was a stat given to me by an OVDI examiner back in 2010. She told me that the IRS believed that 70% of unreported foreign accounts were held in the name of corporations, partnerships, trusts, llcs, and foundations, as an additional barrier to avoid detection.

Myself --- I think this number is off. I think the IRS completely miscalculated the amount of innocent minnows who held account in their own name.

In this article I discuss the various paths to compliance for foreign vs. domestic domiciled or registered entities. In other words,  does the individual have to go through OVDP, the entity or both?

Four Offer in Compromise Tips

Four Offer in Compromise Tips




Did you know that 75% of Offers in Compromises submitted are rejected?

And of those that are accepted, how many times have taxpayers paid more than they needed to?

In this video and article, I give some great tips to get an optimal offer in compromise accepted by the IRS. Like:

Making sure you are aware of the allowable expenses and have explanations for the expenses that are over the allowable.

Making sure you took the most beneficial snap shot of your financial picture as legally possible.

Making sure you have properly addressed  any equity positions WITHOUT dissipating assets.

In the case of rejecting, knowing how to request an expense, income and asset table from the OIC examiner to maximize your chances of success on appeal, or an alternative resolution.

IRS Offer in Compromise tips

2014 OVDP Pre-Clearance: The changes

Federal Tax Crimes: Who is really at risk for prosecution?

Federal tax crimes: Update

Federal tax crimes



I updated this article from 2008.

Three Basic International Taxation Principles

Three Basic International Taxation Principles

Who are the best OVDP attorneys for you?

Who are the best OVDP attorneys for you?

How can you settle an IRS payroll tax problems?

Payroll tax embezzlement: What can you do?

Payroll tax embezzlement...Wait for it. Wait for it. There's a payoff for Ed "Worst Film Director of All Time" Wood at the end

Did you get a letter threatening to freeze a Swiss Bank Account?

Did you get a letter threatening to Freeze a Swiss Bank Account?

Streamlined Foreign Offshore Eligibility

Streamlined Foreign Offshore Eligibility

Streamlined Offshore Voluntary Disclosure – foreign or domestic?

Streamlined Offshore Voluntary Disclosure – foreign or domestic?

How easy is it to freeze a Swiss bank account?

How easy is it to freeze a Swiss bank account?



Easy. If you ignore a letter from your Swiss bank telling you that they are going to freeze your account.

Do you qualify for the 2014 streamlined OVDP 0% FBAR penalty?

FBAR Penalty webinar