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Showing posts with label foreign financial accounts. Show all posts
Showing posts with label foreign financial accounts. Show all posts
July 12, 2014

Delinquent FBAR Submission Procedures

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Taxpayers who do not need to use either the OVDP (described in section 1 above) or the Streamlined Filing Compliance Procedures (set forth ...
June 4, 2013

Accelerated FBAR Filing Deadline in 2013

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In general, FBARs must be received by the U.S. Treasury Department by June 30. Because June 30, 2013, falls on a Sunday, FBAR filers shou...
April 26, 2013

Two Sentenced for Not Disclosing Foreign Bank Accounts to IRS

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Read about the Sentences received  by two taxpayers who thought they could hide their assets and income abroad from the IRS.   One is 79 ...
June 20, 2012

IRS Adds 9 More Questions and Answers on Form 8938 - Reporting Foreign Financial Assets

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Basic Questions and Answers on Form 8938 (rev 6/7/12)   Q&A   1-14, posted 02-29-12 Q&A 15-23, posted 06-07-12 1. What are...

Reporting Foreign Financial Accounts Due Date for Form TDF 90-22.1 (FBAR) is 6/29/12 or 6/30/12

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Your TDF 90-22.1  (FBAR form) where you must report to the IRS your foreign bank and financial accounts must arrive at the designated add...
September 7, 2011

Amercian Citizens Abroad Call for Repeal of Foreign Bank Account Reporting on US Taxpayer Offshore Accounts

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American Citizens Abroad (ACA) is advocating for the repeal of the draconian IRS rules requiring foreign banks withhold and report on foreig...
August 25, 2011

WHEN ARE FOREIGN PENSION PLAN CONTRIBUTIONS TAXABLE ON US TAX RETURNS?

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US expatriates working for foreign employers may participate in foreign pension plans. These plans normally have beneficial tax treatment u...
June 21, 2011

Foreign Bank and Financial Account Report (FBAR)(TDF 90-22.1) is due 6/30/11 and cannot be extended.

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Form TDF 90-22.1 to report your foreign financial and bank accounts is due 6/30/11 and cannot be extended. There is a penalty of $10,000 or ...
May 31, 2011

FBAR Filing Deadline Extended for Certain Financial Professionals

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WASHINGTON — The Internal Revenue Service and the Financial Crimes Enforcement Network (FinCEN) today announced that a small subset of indi...
April 8, 2011

Justice Department Investigating US Citizens With Bank Accounts in India

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The Justice Department said Thursday it is trying to get a court order that would allow the Internal Revenue Service to request bank accoun...