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6c628c2634f6489cf08280411e3dc99f Archive

What is Foreign Bank Account Reporting: Back to the Basics

[ad_1] Foreign Bank Account Reporting Foreign Bank Account Reporting Foreign Bank Account Reporting: Each year, US Taxpayers who have foreign financial accounts such as bank accounts, investment accounts, pension accounts and certain foreign life insurance policies are required to disclose their overseas account and asset information to the IRS and FinCEN on various international information

Eleventh Circuit Affirms Reckless Disregard FBAR Willful Penalty

[ad_1] Eleventh Circuit Appeals Affirms Lower Standard FBAR Willfulness Eleventh Circuit Appeals Affirms Lower Standard FBAR Willfulness Eleventh Circuit Appeals Affirms Lower Standard FBAR Willfulness: When it comes to willful FBAR penalties, the US government has recently been coming out with guns blazing. And, while the IRS & US government have had some stumbling blocks

5 Reasons IRS Audited Your Taxes

[ad_1] Was Your Tax Return Flagged Was Your Tax Return Flagged? Was Your Tax Return Flagged: There’s nothing fun about receiving an audit notice from the Internal Revenue Service. Most of the time, it is not really that bad and can be resolved without much issue. The water starts to get a bit murkier when