Canadian Dual Citizens or Residents of the United States and FATCA
Under the intergovernmental agreement, IGA, between the US and Canada, beginning in 2014, FATCA now…
Michael NelsonJanuary 26, 2015
Streamlined Filing Compliance Procedures for the complex Offshore Voluntary Disclosure Program (OVDP)
Finally, the U.S. Treasury and the Internal Revenue Service is assisting people with the dilemma…
Michael NelsonOctober 1, 2014
Offshore Financial Institutions will have to identify
ALERT: Offshore Financial Institutions will have to identify and verify any U.S. individual who owns…
Michael NelsonSeptember 16, 2014
Canada and the U.S. Implemented a New Joint Initiative
Beginning June 30, 2014, Canada and the U.S. implemented a new joint initiative to share…
Michael NelsonSeptember 11, 2014
Bernard Kramer pleaded guilty
On August 19, 2014, Bernard Kramer pleaded guilty in the Southern District of New York…
Michael NelsonSeptember 2, 2014
The Offshore Bank Account Penalty Doubles!
THE OFFSHORE BANK ACCOUNT PENALTY DOUBLES!!! Keeping up with the changes, modifications, deletions, amplifications to…
Michael NelsonAugust 26, 2014
Mizrahi Bank Client Sentenced for Filing False Tax Return
Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Monday, August 4, 2014 Mizrahi…
Michael NelsonAugust 9, 2014
IRS Announces an Expanded “Streamlined Program”
IRS ANNOUNCES AN EXPANDED “STREAMLINED PROGRAM” UNDER THE OVDP. In the past, the Streamlined Program…
Michael NelsonAugust 9, 2014
The June 30th, 2014 Deadline for filing your Foreign Bank Account Report is fast approaching.
The June 30th, 2014 Deadline for filing your Foreign Bank Account Report is fast approaching.…
Michael NelsonJune 4, 2014
June 30, 2014 – Don’t Forget the Deadline – No Extensions
June 30, 2014 - Don’t Forget the Deadline for Filing Your Report of Foreign Bank…
Michael NelsonMay 27, 2014
About Us
Michael B. Nelson
The Law Office Of Michael B. Nelson, Inc. Continues To Assist Foreign Financial Institutions, FFI, And Their Customers Who Fall Under The Rules Of The Foreign Account Tax Compliance Act, FATCA; Additionally Providing Guidance Concerning The Treatment Of Financial Institutions Located In Jurisdictions That Have Signed Intergovernmental Agreements For The Implementation Of FATCA (IGAs) But Have Not Yet Brought Those IGAs Into Force.