For U.S. taxpayers with international business structures, foreign financial accounts, holdings and properties in foreign jurisdictions, U.S. tax laws can be confusing and filled with potential pitfalls. At the same time, new laws have strengthened federal compliance enforcement and penalties. It is more important than ever before for U.S. taxpayers to be internationally tax compliant.
Nothing illustrates that fact better than the case of a U.S. businessman who unwittingly ran afoul of U.S. international tax reporting compliance and found himse
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