Tax Law Blog

Last year, more than a million taxpayers filed a Report of Foreign Bank and Financial Accounts (FBAR). It should be noted that this year's deadline for filing a FBAR comes up on June 30.

Muhammad Ali’s upset of Sonny Liston in the heavyweight boxing championship was one of the most memorable sporting events of the 20^th century. After the bout, Ali shouted that he “shook up the world.” He was right.

On April 3, journalists revealed blockbuster evidence that dozens of world leaders, public figures, celebrities and billionaires may have hidden assets offshore with the help of a Panamanian law firm called Mossack Fonseca and a network of big banks...

For those residents who might have been keeping assets in the Cayman Islands comes some possibly unsettling news: the Department of Justice recently announced guilty pleas from Cayman National Securities Ltd. and Cayman National Trust Co. Ltd. The...

No one knows exactly why record numbers of Americans are renouncing their citizenship. A recent article in Forbes floats a couple of theories, including the fact that the Internal Revenue Service now holds the power to revoke passports. Another...

They are eight million strong: American citizens who live in other countries. Many work overseas, have retired there, have family there, or have other reasons for living outside the US. Of course these people have bank accounts where they live.