With the increased focus on offshore bank accounts by the IRS, the options are now a little clearer. The IRS has provided some compliance options.
If you’d like to discuss, call Canner Brody and Yan CPAs at 305-231-2150 and ask for Andrew Brody. Canner Brody and Yan is a Miami CPA Firm operating for over 65 years. One of our areas of expertise is international tax compliance.