Offshore Voluntary Disclosure Program (OVDP) – From a different Angle

Due to numerous requests for insight and guidance concerning the Offshore Voluntary Disclosure Program (OVDP) that was initiated in 2012, I wanted to compose a practical article that, instead of merely regurgitating IRS pronouncements, will outline some of the main features for the OVDP and analyze some of the options that exist for American expats who are deciding whether to enter the program.

Read More »

Impact of Pensiones Voluntarias in Colombia on US Tax returns

Pensiones Voluntarias ultimately results in contributions being effectively invested in shares of non-U.S. mutual funds. The problem with doing so is that the IRS treats foreign mutual funds as a Passive Foreign Investment Company (PFIC) and imposes a special, harsh tax regime on all US taxpayers who invest in PFIC’s.

Read More »

Combat Zone Services

Did you know as a contractor serving in a combat zone that you may qualify for special tax relief? If you are a qualified contractor

Read More »