Levins Tax Law
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Month: February 2022

What is an FBAR?

Offshore accounts get a bad rep. The truth, however, is that many people choose to bank with foreign entities in order to take advantage of legal protections, potentially lower tax rates and most importantly an increased sense of privacy. Storing your money in an...

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IRS/ DOJ spotlight: offshore tax evasion

In early 2021, the United States Congress passed H.R. 1786, also known as the "Stop Tax Haven Abuse Act." The passage of this new legislation marks a renewed focus on eliminating tax evasion by the IRS, the Department of Justice and the United States government as a...

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