I have literally made thousands of domestic and offshore voluntary disclosures and I have never had a client criminally prosecuted after making...

My wife and I are permanent residents. My wife does not work; does she still have to file a tax return?

No... but ordinarily you will pay less tax if your file - Married Filing Joint.

That is absolutely fine as long as the payments are treated as distributions out of the accumulated adjustment account, provided you have...

Should I pay income tax?

https://klasing-associates.com/contact-us/

Taxation: Do you need to report your foreign assets to IRS?

Quite possibly. See 8938 form instructions. See FinCen 114 form instructions. ...

Foreign real estate is not directly reportable unless it is generating taxable rental or other income or it is held in a reportable foreign...

If you can certify as to non willfulness you may be able to file a zero penalty expat streamlined voluntary disclosure. Beware of this... ...

What is the California IRS statute of limitations to prosecute?

The federal statute to bring criminal tax prosecution is 5 or 6 years depending on the statute they use. The last affirmative act concept can...

How can update new address & bank account for Economic impact payment?

https://www.irs.gov/pub/irs-pdf/f8822.pdf Complete and mail in the above form. DWK

Outside of the running of the 10 year statute of limitations or the audit reconsideration process you will most likely wind up paying every nickel....