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Recent Sentences for Federal Tax Crimes in 2014 – Part 1

As we reported in posts here and here, the Justice Department’s Tax Division and the IRS each issued press releases over the past two days touting their accomplishments over the past year in an effort to warn would-be tax cheats in advance of Tax Day. 915 more words

U.S. Department Of Justice Tax Division

Tips for U.S. Taxpayers with Foreign Income

 

Did you live or work abroad or receive income from foreign sources in 2013? If you are a U.S. citizen or resident, you must report income from all sources within and outside of the U.S. 415 more words

April 15th Deadline Reminders Re : FBAR and FACTA for U.S. Citizens

There is one basic obligation for US citizens and residents: file their income tax return by April 15. If you have a financial interest in a country other than the US or you have an authorized signature on those financial interests, then two more reporting obligations come to the picture: FBAR and FATCA. 549 more words

Jack A. Bass Managed Accounts

Deciding Whether or Not to Opt Out of IRS OVDP program?

There may be more chance that you might be troubled by the IRS as they have capacity to tax any earnings you get from around the globe. 572 more words

FBAR

Tax Obligations for Expats and US citizens with offshore holdings.

There is one basic obligation for US citizens and residents: file their income tax return by April 15. If you have a financial interest in a country other than the US or you have an authorized signature on those financial interests, then two more reporting obligations come to the picture: FBAR and FATCA. 524 more words

Tax Obligations for Expats and US citizens with offshore holdings.

There is one basic obligation for US citizens and residents: file their income tax return by April 15. If you have a financial interest in another country other than the US, then two more obligations come to the picture: FBAR and FACTA. 272 more words

IRS Identifies the “Dirty Dozen” Tax Scams for 2014

The Internal Revenue Service recently issued its annual “Dirty Dozen” list of tax scams (IR-2014-16, Feb. 19, 2014), compiled each year identifying a variety of common scams taxpayers can encounter at any point during the year. 2,395 more words