Recent content by Metalic

I have a UK beneficiary offshore trust who is in receipt of capital payment. The UK beneficiary is charged to UK capital gains tax on the capital payments insofar as they are matched with stockpiled gains within the Offshore Trust and a supplementary charge paid by the beneficiary where...

If it makes you feel better, just go the Streamlined procedure to amend your prior returns and file the back FBARS. (Three years for the tax returns, six for the FBARs.) As omitted to report, you could just file the FBARs going forward and take the quiet disclosure route with little or no...