Under its policy of voluntary disclosure, the IRS can forbear from referring for criminal prosecution taxpayers who come forward to admit previously unreported tax liabilities. CPAs may be in a ...

Practitioners who represent taxpayers with unreported offshore accounts should urge them to come forward and assist them under the new voluntary disclosure initiative for a number of reasons. Of ...

Newly released best practices from the Government Finance Officers Association are designed to raise awareness about investor access to municipal issuer financial information and enhance the ...

Importing has never been riskier. The combination of a high-tariff environment, increasingly sophisticated data analytics by U.S. Customs and Border Protection (CBP), and a tougher penalty posture by ...

WASHINGTON, DC - APRIL 19: Internal Revenue Service Commissioner Daniel Werfel prepares to testify before the Senate Finance Committee about the Biden Administration's proposed budget request for ...

Forbes contributors publish independent expert analyses and insights. Guinevere Moore is a civil and criminal tax litigator. The Internal Revenue Service announced today that the Voluntary Disclosure ...

Both the Internal Revenue Service and Department of Justice have ramped up their efforts to detect and bring to justice those who unlawfully hide assets overseas to avoid paying tax. In addition, the ...

The Dr Babasaheb Ambedkar Marathwada University (Bamu) has asked all its affiliated colleges to make voluntary disclosure m.

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

One of the goals of the 2010 Dodd–Frank Act was to make banks, and especially large banks, more transparent about their financial health. But though it mandated reporting of some information, has it ...