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Chamberlain Hrdlicka West Houston Tax Forum on September 25, 2019 at Marriott Westchase

September 25, 2019

Chamberlain Hrdlicka West Houston Tax Forum on September 25 at Marriott Westchase

Houston Marriott Westchase, 2900 Briarpark Dr., Houston, Texas 77042

Chamberlain Hrdlicka's West Houston Tax Forum at the Marriott Westchase from 7:00-9:00 a.m. will take place on Wednesday, September 25, 2019.

Speakers: Sebastien Chain and Larry Sherlock

Topic: New IRS Voluntary Disclosure Practice:  Domestic Criminal Violations, Foreign Accounts and Cryptocurrency

Late in 2018, the IRS ended its Offshore Voluntary Disclosure Program for willful violations of foreign bank account reporting, but leaving in place its existing practices for reporting non-willful violations.  A few months later it put in place a new regime for reporting potential criminal violations of all tax-related activity, whether domestic or offshore. 

In the last couple of months, the IRS has started pursuing owners of cryptocurrency accounts who have not fully reported the tax consequences of activity in those accounts.  We’ll explore all these developments and how taxpayers can come into compliance with their tax reporting obligations, regardless of whether the original failure was willful or not.