Internation Asset Disclosure; Form 8938; FBAR; Willfulness; Specified Foreign Financial Assets; Fraud; Evasion; Civil Penalty; |

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An Ostrich is a large bird not an foreign account strategy

March 31st, 2012

In my video blog, http://www.youtube.com/embed/9RYcHiAAwoY?rel=0, I briefly discuss what not to do when considering foreign asset disclosure options. Ducking for cover or pretending that your undeclared foreign accounts will not be discovered is analogous to an Ostrich who hides it head. Information Exchange Agreements between the U.S. and other governments are the rule not the [...]

Tags: Internation asset disclosure; Form 8938; FBAR; willfulness; specified foreign financial assets; fraud; evasion; civil penalty;
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