Many US taxpayers still have questions regarding offshore accounts and FBAR filing requirements and compliance. Is there a genuine risk their activities (or lack of compliance) will come to light? The ...

Offshore accounts are appealing to those trying to hide money because they offer banking secrecy in certain jurisdictions, lax reporting requirements compared to domestic accounts, and complex ...

While having an offshore account is not illegal, adequate documentation is crucial to prove these funds are not derived from ...

The Inland Revenue Board said the findings came from large-scale data sharing with more than 100 countries, as part of a ...

TOKYO (AP) — An investigation published by an international coalition of more than 100 media outlets, based on 11.5 million records of offshore holdings, details how politicians, celebrities and other ...

The IRS today extended the deadline for voluntary disclosures by taxpayers with unreported income from hidden offshore accounts from this Wednesday, Sept. 23, to Oct. 15. The IRS cautioned that there ...

In an era of increasing scrutiny on offshore accounts, the U.S. government has aggressively pursued individuals who fail to disclose their foreign financial holdings. The recent case of U.S. v. Leeds, ...

The U.S. and other countries around the world are cracking down on offshore accounts in a bid to identify and penalize suspected tax evaders. Other investigations show the U.S. itself has become a ...

Tackling the topic of reforming tax code, Chuck Todd spoke to Congressman James Clyburn (D) on Monday morning. Remarking on overseas accounts, Clyburn referred to “despots in foreign countries, ...

The Inland Revenue Board (LHDN) has identified 14,858 Malaysian tax residents with a combined total of over RM10 billion in ...