Tags » FBAR

Understanding the Eligibility Requirements for the Streamlined Foreign Offshore Procedures

To make things simpler for taxpayers, the internal Revenue Service introduced new Streamlined Foreign Offshore Procedures on June 18, 2014. A 0% offshore penalty by default can be described as key benefit of the new procedure. 574 more words


Expat Taxes Made Simple

David McKeegan, an expat tax expert and cofounder of Greenback Tax Services simplifies common expat tax situations ranging from the Foreign Earned Income Exclusion and 1099s to investing in gold bullions! 26 more words


A New World Order's Tax System

Let’s redesign world taxes.

People leave their own country and live in other countries, purely for economic gain. Lifestyles, safety, health care, opportunity, or whatever else does not count. 1,445 more words


Frequently Asked Questions - IRS Offshore Voluntary Disclosure and Opt Out Process

The OVDI opt-out looks very subjective without any proper directions and plenty of unanswered questions remain among the individuals. So we came up here with expert answers to several common questions related to the… 718 more words


Bitcoin Accounts May Be Subject to FBAR, FATCA Reporting

from Daily Tax Report

Nov. 12 —  Taxpayers may soon have to report bitcoin and other virtual currency accounts held in foreign exchanges to the IRS as the agency’s focus on foreign assets sharpens, experts told Bloomberg BNA in interviews in October and November. 80 more words

Internal Revenue Service

Halloween Weekend

Halloween was a blast! My friend Amber and I got started a little later than normal. You know how girls are, they want to make sure they look perfect. 136 more words