WHAT TAXPAYERS WITH FOREIGN BANK ACCOUNTS NEED TO KNOW ?

IRS OVERSEAS TAX COLLECTION EFFORT ON WORLDWIDE INCOME OF US CITIZENS NETTED IRS 5 B$ THROUGH OFFSHORE VOLUNTARY DISCLOSURE PROGRAM (OVDP).
TOTAL OF 33,000  DISCLOSURES.
THIS IS DONE UNDER THE FOREIGN ACCOUNT TAX COMPLIANCE ACT (FATCA) TO STOP OFFSHORE TAX EVASION AND ENSURE TAX COMPLIANCE.
FOR Q & A,  CALL KASH @ YAJNIK AND MEHTA ASSOCIATES  (925) 963 4891