What’s New

Steven Mopsick and Ryan Carrere’s new article published in Accounting Today: The Value of Partnering with a Tax Attorney


Posted on: 7/11/17

National Taxpayer Advocate Reviews Filing Season and Identifies Priority Areas and Challenges in Mid Year Report to Congress


Posted on: 7/7/17

Steve Mopsick to speak at CalCPA’s 15th Annual Real Estate Conference on tax consequences of giving up US citizenship.


Posted on: 5/24/17

Steve Mopsick to speak to the Taxation Section of the Sacramento County Bar Association on March 27, 2017 on The Founding Fathers, FBARs, and Tax Administration in the 21st Century.


Posted on: 3/14/17

Owe An IRS Tax Debt? You May Soon Be Contacted By A Private Collection Agency!


Posted on: 2/16/17

Examination Collectibility Consideration: Another Example of IRS Inefficiency


Posted on: 2/3/17

2016 Taxpayer Advocate Service Annual Report to Congress


Posted on: 1/26/17

Not Required to File a Tax Return? Maybe You Should File Anyway!


Posted on: 1/25/17

NRP Audits – The Honest Taxpayer’s Worst Nightmare.


Posted on: 1/20/17

U.S v. Bohanec–Another Court Case on the Willful FBAR Penalty.


Posted on: 1/11/17

Steven Mopsick to speak at San Francisco Tax Club’s event January 14, 2016 in San Francisco.


 San Fran Tax Club

Posted on: 1/13/16

FATCA reciprocal exchanges have started. Our sources in DC say FATCA repeal is dead.


Posted on: 10/2/15

Steven Mopsick Interviewed by KCBS Radio San Francisco on IRS Announcement Regarding Possible New Regulations on the Proposed Taxation of Employer-Provided Meals


Steven Mopsick Quoted in Silicon Valley Business Journal’s Article “Exclusive: No More Free Meals for Tech Workers? IRS Advances Project that Could Tax On-site Food Perks.”


Posted on: 8/17/15

Steven Mopsick and Ryan Carrere Recognized in Northern California Magazines


Posted on: 8/14/15

New York Times Weighs in on Congress’ Punishment Program for the IRS


Posted on: 1/19/15

Just Published: Taxpayer Advocate’s 2014 Annual Report: The TPA is Not Happy!


Posted on: 1/15/15

Commissioner to IRS Employees: Get Ready For Hard Times Ahead


Posted on: 1/15/15

“Watchdogs Call For Better Transparency of Nonprofits’ IRS Filings” By Natasha Lindstrom


Posted on: 1/6/15

“A White Paper on Executive Action to Restore Trust in the Internal Revenue Service by Rebuilding Field Operations” By Frank Wolpe


Posted on: 1/6/15

“Restoring Trust In IRS Is A National Imperative” By Peter J. Reilly


Posted on: 1/6/15

Congressional Research Service: An Overview of the Federal Tax System


Posted on: 1/6/15


IRS Clarifies Rules for Streamlined Procedures for U.S. Taxpayers Residing Outside the United States


Clarification of rules and FAQs for U.S. taxpayers residing outside the United States.
Posted on: 10/16/14

“Practitioners Debate Fairness of Lack of OVDP Retroactivity” By Andrew Velarde


Copyright 2014 Tax Analysts. Reprinted with permission.
Posted on: 08/28/14

Mopsick Tax Law Is Pleased To Announce Kathleen Donelan-Maher’s Promotion To Partner


Posted on: 07/07/14

2014 Offshore Voluntary Disclosure Program (OVDP)


Posted on: 06/19/14

IRS Makes Changes to Offshore Programs


Posted on: 06/19/14

Offshore Income and Filing Information for Taxpayers with Offshore Accounts


Posted on: 06/19/14

IRS publishes New FAQ’s for Foreign Financial Institutions


Posted on: 05/14/14

Update on the Surrender of the Swiss Banking Industry to Uncle Sam


Posted on: 01/27/14

Here is an Easy Reference to the Recently Issued National Taxpayer Advocate Report.


American Citizens Abroad Republishes Steve’s Recent Blog on the Risks of Ignoring the OVDI Program




On November 6, 2013, the Treasury Department published this very handy list of updates on the current state of the various model intergovernmental agreements, annexes, and tax information exchange agreements.
Posted on: 11/07/13

FATCA: ‘Simple Premise’ Gone Terribly Wrong


We are happy to repost an article by Lynne Swanson whose blog is The Maple Sandbox and Victoria Ferauge who publishes the blog, The Franco-American Flophouse. Their article, “FATCA: Simple Premise Gone Terribly Wrong” originally appeared in The Hill’s Congress Blog on July 28, 2013.
Posted on: 08/02/13

Offshore Bank Accounts?


Doing Nothing Is Not An Option.
Posted on: 06/19/13

Mopsick Tax Law Is Pleased To Announce The Addition Of Kathleen Donelan-Maher To Our Firm!


Posted on: 06/13/13

GAO Speaks Out On Quiet Disclosures


Posted on: 04/30/13

IRS FATCA News And Information Newsletter


Posted on: 04/26/13

IRS Yanks Criminal Amnesty Deal From Taxpayers With Secret Bank Leumi Accounts


Here is a troubling article, written by Janet Novack, describing a recent development involving IRS rescission of previously granted OVDI clearance letters involving the Bank Leumi in Israel.
Posted on: 03/08/13

Renewing Your US Passport? BEWARE — – State Department Turns Over Your Social Security Number & Location to the IRS


At Last… The FATCA Regulations Are Final!


TD 9610 Final Regulations
Posted on: 01/17/13

New York Times: A Long-Distance Relationship With The I.R.S.


“You always want to be in a position wherein you’re going to the I.R.S. If the I.R.S. comes knocking on your door first, they’re going to take a harder line.”
Posted on: 12/04/12

TaxIndiaInternational.com Publishes Steve’s Article


“Tax Justice For Recent Immigrants To USA- What They Don’t Teach In Citizenship Class: FBAR’s And Foreign Assets”
Posted on: 10/12/12

Tax Justice For Americans Abroad Republished In Tax Notes International


“Tax Justice for Americans Abroad”
Posted on: 08/07/12

Steve’s Recently Published Article In Tax Notes Today


“Tax Justice for Americans Abroad”
Posted on: 07/16/12

Whoever Said The IRS Lacked Common Sense? New Filing Procedure For Americans Abroad; Too Little, But Not Too Late


Posted on: 07/02/12

FATCA Newsletter


IRS posted a new bulletin on FATCA on 6/20/12.
Posted on: 06/20/12

FBAR: Handle With Care


Good discussion by Randall Andreozzi; Quiet Disclosures could be a slippery slope.
Posted on: 05/14/12

Many Americans Abroad Suprised by Tax Code’s Nasty Bite


Article written by Brian Knowlton.
Posted on: 05/11/12

U.S. Millionaires Told Go Away As Tax Evasion Rule Looms


Some of the world’s largest wealth-management firms are telling American millionaires to go away.
Posted on: 05/09/12

American Citizens Abroad Welcomes Steve Mopsick!


Steve was asked to be on the Tax Advisory Panel for American Citizens Abroad. The PTAC is a group of tax practitioners from all over the world.
Posted on: 05/02/12

The Isaac Brock Society Thanks Mr. Mopsick


Steve commented on an article from the International Herald Tribune, and The Isaac Brock Society shows their appreciation.
Posted on: 04/18/12

Canada Tells IRS To Back Off!


Tax crackdown could ensnare tens of thousands of innocent US citizens, and our neighbor to the north is having none of it.
Posted on: 03/20/12

American Ex Pat’s Beware!


How you could increase your chance of an audit when you file this year’s new form 8938, Statement of Foreign Assets.
Posted on: 03/06/12

Mopsick’s Interview With the Business Journal


Steve talks about FATCA.
Posted on: 02/17/12

How to Hide Your Money in an Offshore Account


Great article on offshore banking by Connie Cass. You have two choices, do it legally or do it illegally.
Posted on: 02/15/12

Memo To Foreign Banks: How To Become An IRS Withholding Agent For Your American Clients


Steve’s new FATCA post.
Posted on: 02/10/12

Government Unveils Sweeping Guidance on FATCA Reporting


Quick summary of what the new regulations say.
Posted on: 02/09/12

Finally, The Long-Awaited FATCA Withholding Regulations!


The IRS releases the withholding regulations for FATCA.
Posted on: 02/08/12

IRS Announces Terms For 3rd Voluntary Disclosure Program


IRS announces a third offshore voluntary disclosure program to help people get current with their taxes. This program will be opened for an indefinite period until further announced.
Posted on: 01/09/12

Great Short Summary of FATCA


Stroock & Stroock & Lavan LLP: The Thirty Percent Solution? FATCA Provisions of the HIRE Act.
Posted on: 01/04/12

FATCA and Foreign Bank Accounts: Has the U.S. Overreached?


For the last three years, the U.S. government has mounted aggressive enforcement efforts against American taxpayers who have undeclared funds in foreign accounts, as well as the banks, bankers, financial and legal advisers, and even family members who may have assisted the taxpayers or facilitated their concealment of assets from the tax collector.
Posted on: 01/03/12

The Death of Bank Secrecy in Panama


Steve Mopsick to speak in Panama on January 26, 2012, at the Veneto Hotel.
Posted on: 12/12/11

FATCA is a Nightmare for Fund Managers


“CATCHING tax cheats is well and good in theory. Achieving that feat in practice is another matter. As fund managers are finding, the latest effort from the American authorities to root out those of their citizens who have been hiding their assets overseas is creating a bureaucratic nightmare around the world.” The Economist.
Posted on: 12/05/11

Not All Countries Welcome Implementation of FATCA by the United States


Our friendly neighbors to the north have taken issue the aggressive approach to collect information about U.S. taxpayers with foreign accounts. Canada’s Federal Minister of Finance recently expressed his concern in a letter that FATCA will result in Canadian financial institutions becoming an extension of the IRS. He also raised concerns about privacy rights and heavy-handed penalties.
Posted on: 11/29/11

IRS Reissues Guidance for Issuing Levy and Hearing Notices.


The IRS is requiring its collection function to use clearer instructional language regarding its Notice of Intent to Levy and Notice of Right to a Hearing. Collections representatives will be required to explain: 1. That collection enforcement may occur after 30 days from the date of the Notice of Intent to Levy and Notice of Right to a Hearing; and 2. That only by requesting a Collection Due Process Hearing within 30 days can the right to go court be preserved. Additionally, collections personal will allow 15 additional days after the 30 day period ends in case the taxpayer mails a request for a collection due process hearing.
Posted on: 11/04/11

Foreign Account Tax Compliance Act and IRS Reporting Requirement Get More Complex; Form 8938 Expands The Concept of Disclosure Beyond Foreign Bank Accounts


The Foreign Account Tax Compliance Act added section 6038(D) to the Internal Revenue Code. The new section requires taxpayers with financial assets exceeding a certain dollar amount held outside the United States to report those assets to the IRS. The IRS has made a draft Form 8938 and instructions available.
Posted on: 10/27/11