Category: Foreign Bank Account Reporting (FBAR – FinCen Form 114)
What Is The FinCen Form 114? Latest You Need To Know For 2022 FBAR
Feb 22, 2021
Purpose Of The FinCEN Form 114, Report of Foreign Bank and Financial Accounts The FinCEN Form 114 reports financial interest in or signature authority over foreign financial accounts. Form 114 must be e-filed…
Panama Papers – Practical Info You Need To Know
May 04, 2016
All the recent scandal about the Panama Papers and tax havens and shell companies bring to light the hornet’s nest that FATCA has been stirring up. The media makes it sound like having…
The Truth About Hiding Offshore Income | Useful Info Here
Mar 23, 2016
Avoiding Taxes With Offshore Income The IRS has stated that avoiding taxes by hiding Offshore Income or overseas assets in unreported offshore accounts remains on its annual list of tax scams known as…
Cayman Island Offshore Accounts – Why You Need To Be In Full Compliance Now
Mar 13, 2016
Two Cayman Island Financial Institutions Plead Guilty in Manhattan Federal Court to Conspiring to Hide More Than $130 Million in Cayman Island Offshore Accounts U.S. Attorney Preet Bharara for the Southern District of…
FBAR Disclosure | This Is How To File The Right Way
Mar 02, 2015
FBAR Disclosure – Disclosing Your Foreign Accounts An FBAR disclosure of your foreign accounts is part of your civic responsibility. As a US citizen or permanent resident, you are expected to report all…
FBAR Form – Reporting of Foreign Bank and Financial Accounts
Nov 30, 2014
If you have a financial interest in or signature authority over a foreign financial account, including a bank account, brokerage account, mutual fund, trust, or other type of foreign financial account, exceeding certain…
Helpful Streamlined Filing Compliance Procedures That Will Make You Prepared
May 15, 2014
Have You Resided Outside of the U.S. Since January 1, 2009? – The Streamlined Filing Compliance Procedures Might Help You IRS voluntary disclosure programs are part of a wider effort by the IRS…
What Should You Do If You Have Unfiled FBAR Forms?
Dec 27, 2013
As a taxpayer with unfiled FBAR reports (the FinCEN Form 114, formerly known as the TD F 90-22.1), once you learn about the filing obligations and the penalties for noncompliance, the next question…
US Expatriates – Taxation And Other Considerations For Overseas Jobs
Nov 02, 2013
Working overseas is rich with many opportunities – exploring new cultures, learning a new language and more. While financial aspects may be boring to most, understanding the tax environment for US expatriates is…