Offshore Banking, Investments, Companies, Panama
You are involved in Offshore Banking, Investments, Companies (Panama) we can help. Since 2014 is a new ruling “Streamlined Compliance Procedure” available with only 5% penalties and Interest. Compared to OVDP (Offshore Voluntary Disclosure Program) a much easier and less costly solution. You know FBAR penalties are for each year $ 10,000. You must fill IRS forms 8865, 5471, 3250, and at the banks abroad form W-8 BEN.
There is a list of countries which do not have a tax and disclosure agreement with the US