JD Supra

The Risk of Voluntary Self Disclosure: Takeaways From the Exyte BIS Settlement

The U.S. Department of Commerce’s Bureau of Industry and Security (BIS) recently entered into a settlement agreement with ...
JD Supra

BIS further enhances voluntary self disclosure process for minor or technical violations

The U.S. Department of Commerce’s Bureau of Industry and Security (BIS) has further updated its voluntary self-disclosure (VSD) process by establishing streamlined procedures for minor or technical ...

IRS Seeks to Revive its Voluntary Disclosure Practice

The IRS’s Voluntary Disclosure Practice helps taxpayers fix past non-compliance with protections from prosecution. Due to low ...
JournalofAccountancy

Offshore Account Voluntary Disclosure Deadline Extended to Oct. 15

The IRS today extended the deadline for voluntary disclosures by taxpayers with unreported income from hidden offshore accounts from this Wednesday, Sept. 23, to Oct. 15. The IRS cautioned that there ...
Supply Chain

Best Practices for Making Voluntary Disclosures to Customs

Importing has never been riskier. The combination of a high-tariff environment, increasingly sophisticated data analytics by U.S. Customs and Border Protection (CBP), and a tougher penalty posture by ...
The Times of Israel

Voluntary disclosure in Israel: What U.S. citizens living in Israel should know

Many U.S. citizens in Israel still hold U.S. accounts, rentals, or family trusts. As transparency grows, voluntary disclosure ...