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Archive by Month: March 2018

OVDP Ends in September: What Does This Mean for Offshore Investors?

Offshore Account Update

Posted in on March 30, 2018

If you are obligated to file tax returns and pay taxes in the United States, you have certain obligations with respect to any foreign accounts you maintain. U.S. affiliated taxpayers are expected to declare all of their offshore accounts to the IRS. Taxpayers also must pay taxes on the income they earn through investments in offshore accounts.

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