Act Now! Revised FATCA Final Regs And 2014 Forms Now Available!

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The following FATCA Forms and Instructions for 2014 are now available on the IRS.GOV Forms and Publications Website:

• Form 1042

• Form 8966

• Form W-8BEN

• Instructions to Form W-8BEN

• Form W-8ECI

• Instructions to Form W-8ECI

Click HERE to access IRS.GOV Forms and Publications Website

In accordance with Circular 230 Disclosure

Betty Williams has a broad range of experience handling civil and criminal tax controversy matters including income tax, employment tax, sales and use tax, property tax and IRS, FTB, and SBE audits, protests, and appeals. She has represented clients before the U.S. Tax Court and the U.S. District Courts in California. Betty has obtained penalty abatement for numerous clients ranging from a few thousand to more than $2 million in late filing and late payment penalties. She has assisted numerous clients in the United States and abroad in the 2009, 2011 and 2012 IRS and FTB voluntary disclosure initiatives. She also represents foreign financial institutions regarding Foreign Account Tax Compliance Act (FATCA) compliance. She has experience defending criminal tax matters and negotiating plea agreements in areas such as structuring, tax evasion, and the failure to file a tax return.

One comment

  1. Just Me says:

    Do you think Eritrea, Russia, China, Ukraine or the Crimea are following your command to ‘Act now’! The U.S. can sure pump out the forms and new form crime, can’t it?

    Just curious, in all your representation of OVDP from clients abroad, how many did you “opt out” when it became obvious that they were NOT the willful whales the program was designed for, but rather the ‘benign actors’ (minnows) that Nina Olson of the National Tax advocate writes about? Or did they just have to pay Full Monty penalties for their ‘form crime’ in addition to your fees which were grossly out of all proportion for the loss in tax revenue due the government. It reports that the bottom 10% paid penalties 129s the taxes due over 6 years. $13,320 for a tax liability of $105 dollars TOTAL. The IRS must be proud of those penalty collections which makes up 66% of revenue that they trumpet as success. 🙂

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