Tax Law Blog

Regular readers of our Cleveland tax blog will undoubtedly recall recent references to the FBAR (Report of Foreign Bank and Financial Accounts). It's essentially a report to the Internal Revenue Service on amounts of $10,000 or more in any overseas...

Our regular readers know that in our previous blog post, we wrote about looming June deadlines for expatriates. Monday, June 15 is tax-filing day and Tuesday, June 30, is FBAR day. Unfortunately, the latter is no more of a holiday than the former....

On a summer day three years ago, a former banker walked out of a federal prison after spending two and a half years locked up for tax conspiracy. A little over a month later, the U.S. government cut him a check for $104 million (minus taxes). He was...

Around the world, U.S. citizenship is an enviable status. It's somewhat surprising; therefore, that the U.S. Treasury Department is expecting a record number of U.S. citizens to renounce their citizenship this year. In fact, since September, more...