Important Offshore Tax Update from Cantor & Webb

Steve Cantor of Cantor & Webb just sent me an important notice I need to share with you.  Steve is an old friend and among the best international tax experts in the U.S. I’m pasting his message in below, but here’s who needs to read this carefully!: U.S. tax residents abroad — meaning anyone who is a U.S. citizen or permanent resident — who lives and works overseas and has not reported foreign income or assets as required by the IRS AND U.S. tax residents in the U.S. — meaning not only citizens and residents but even a TOURIST whose physical presence in the U.S. has been sufficient under IRS definitions to render their assets on a worldwide basis. Whether you are one or the other, it looks like Uncle Sam is giving you a tax Mulligan, as in a “get out of jail free” card, provided y…