Why Offshore Voluntary Disclosure Program is Important?
Having an offshore account does not mean the government considers you as a suspect for criminal activity. Offshore simply means you have financial investments in foreign bank accounts. But, not disclosing this information to The Internal Revenue Service is a criminal activity. Whether you consciously made the decision to keep these assets a secret, or you made a mistake
What is The Offshore Voluntary Disclosure Program and How Does it Help?
The Offshore Voluntary Disclosure Program (OVDP) is an initiative by the IRS to assist individuals, estates, and businesses into Offshore and Foreign Compliance. But what does it mean? Offshore refers to anything that is not domestic, meaning, in the IRS’s perspective, you have money overseas. The money can be in the form of foreign accounts, investments, or property. Voluntary means that you
Offshore Asset Protection – Important for Securing the Future
Offshore asset protection may seem like one of those grey-area, perhaps not-quite-so-legal things companies do to evade taxes and smuggle profits, but it really isn’t such a sinister concept. Simply put, offshore asset protection provides you with a way to take further control over your assets—and, more importantly, to take further control over the protection of those assets. It would be silly
All You Need to Know About Expat Taxes
When it comes to expat taxes for American citizens living abroad, the questions can mount up pretty quickly. The ways in which your life overseas interacts with your duty as an American taxpayer gets very complicated, which is why so many expats have many questions about how to stay compliant with the IRS without paying too much. Here are some answers to the most common questions expats have about
Do You Need Offshore Asset Protection?
Offshore asset protection: it’s largely misunderstood, but it’s actually one of the more essential forms of financial protection. Why? Because it is a strategy that actively works to protect your financial assets, putting you in control of your assets—and all of the factors that could affect them.
Whether it’s through taxation or some other legal strategy, other entities are always trying
Wealth Management for Physicians, Doctors and Dentists
As a doctor or physician, you spend most of your valuable time caring for others. You are only left with little or rather NO time to manage your finances. To do this job more efficiently for the doctors, there are a lot of fund advisors or wealth managers who are available. Wealth management for physicians and medical professionals include – investment management, insurance management, related