Reporting of Foreign Assets
Individuals with foreign assets or interests may have one or more of the following reporting requirements: FinCEN Form 114, also known as FBAR Foreign Bank …
Individuals with foreign assets or interests may have one or more of the following reporting requirements: FinCEN Form 114, also known as FBAR Foreign Bank …
Tax Guide for Expatriates and Foreign Nationals This is a short tax guide on expat tax that covers taxation of expatriates and foreign nationals. This is a specialized …
IRS to Assign Millions of Collections Accounts to Private Debt Collectors The IRS announced several months ago of its plans to assign millions of taxpayer …
Types of IRS Audits Many taxpayers will deal with an IRS audit at some point in their lives. It may be a simple correspondence audit, …
US Citizens Owing Back Taxes Now Getting Passports Revoked More travel complications are in store and it’s not just for foreigners. Under new rules to …
Discharging Tax Debt Under Chapter 7 A common misconception is that federal taxes cannot be discharged through bankruptcy. A Chapter 7 filing can be a very …
Immigration and Taxes Immigration and taxes might not seem like two areas that have much in common, unless you’re in the immigration process. With the current political …
Step 1: Determine if you are Current on your Tax Obligations You must be currently be in full compliance (1), which means: You’ve filed all …
Trust Fund Recovery Penalty The IRS may be kinder and gentler after the 1998 IRS Restructuring and Reform Act, but that certainly doesn’t seem to …
IRS collections – Federal Tax Liens Anyone who has been in trouble with IRS tax debt probably has some experience with a federal tax lien. …