Foreign (non-US) bank and other financial accounts (including pensions, annuities, endowment and some life policies) require special US disclosure and treatment for taxpayers who file US tax returns.
“U.S. owners of foreign accounts (including the entities they own) should generally file Foreign Bank Account Reports (FBAR’s) with Treasury.”
Under recent FATCA (Foreign Account Transaction Compliance Act) legislation, taxpayers filing US returns are required to make certain additional disclosures.
Where foreign account(s) have not been disclosed in US tax returns, in most cases we assist clients to make voluntary disclosure of the account(s) and have significant experience dealing with the IRS in this regard.
Whether or not the foreign account(s) have been disclosed, owing to the sensitive nature of this type of matter, you simply need to provide us your contact details and we will contact you.