On Reserve

On Reserve

For some people 1929 was just another year in history, others recognize it as the beginning of the Great Depression. Many economic control mechanisms like the Securities and Exchange Commission (SEC) and securities law were enacted to avoid having another Great...
IRS Reopens Offshore Disclosure Program

IRS Reopens Offshore Disclosure Program

In May 2011, I wrote about the IRS’ increased enforcement efforts against U.S. taxpayers with undeclared foreign accounts, assets, and income, specifically regarding the August 2011 Offshore Voluntary Disclosure Initiative (OVDI). Since the OVDI closed on September 9,...