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Showing posts with label foreign account reporting. Show all posts
Showing posts with label foreign account reporting. Show all posts
December 30, 2016

Don’t Miss Filing Deadlines Related to Foreign Income and Assets or These Great Informational Videos

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All U.S. citizens and residents (green card holders) must report worldwide income on their federal income tax return. If you lived outsi...
May 11, 2015

DIRECTIONS FOR FILING FBAR (FORM 114) FOREIGN FINANCIAL ACCOUNT REPORT ON LINE - THIS IS DUE 6/30/15 FOR 2014

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You can download step by step directions for filing the Form 114 (FBAR) to report your foreign financial accounts HERE    If you need help ...
June 19, 2013

G8 Conference Folows US IRS Lead to Eliminate Tax Evaision and Investment Secrecy Abroad

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 The world's rich economies said they would take a tougher stance on fighting money laundering and tax evasion but promised little in ...
January 29, 2013

FATCA- Using a non US passport to open your foreign bank accounts will not work!

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FATCA  requires foreign banks to conduct  due diligence  to see if there are US persons with foreign bank accounts.   The fact you did ...
September 20, 2012

NO FBAR PENALTY FOR TAXPAYER WHO OPTS OUT OF IRS OFFSHORE DISCLOSURE PROGRAM

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One Taxpayer who opted out of the administrative nightmare of the IRS Offshore Disclosure Program has been assessed no penalties for late f...
May 13, 2012

10 IRS Rules for Stress-Free Foreign Financial Accounts

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See the article HERE from Forbes Magazine for these ten rules: Remember financial accounts also  include foreign pension accounts, gold he...
December 30, 2011

Final Form 8938- Statement of Foreign Financial Assets Released

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US Taxpayers including US Citizens, US Permanent Residents, and US Expatriates  may have to file Form 8938 with their US Income tax returns...
June 29, 2011

IRS Issues another draft version of Form 8938 for foreign financial asset holders

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 Form 8938,  “Statement of Specified Foreign Financial Assets” The IRS has issued another new draft Form 8938, “Statement of Specified Fo...
April 7, 2011

Foreign Financial Transactions (FBAR Reporting)

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Persons connected with the transportation into or out of the U.S. of monetary instruments exceeding a specified dollar amount on any one oc...