Innocent Spouse Relief
When a husband and wife sign a joint tax return, each spouse is jointly and severally liable for all taxes relating to that year. Where …
When a husband and wife sign a joint tax return, each spouse is jointly and severally liable for all taxes relating to that year. Where …
In this article are the IRS’ internal procedures for investigations of FBAR violations as found in the IRM. After a foreign bank reports the non-compliant …
If you are a US citizen or tax resident, you may have a foreign bank account reporting obligation. This often catches many immigrants to the …
You want to sell your primary residence, but you rent part of it and don’t know how that affects your taxes. Or you’ve converted your …
Taxation of Canadian investments in the U.S. can be complicated. It can even be difficult to find a tax advisor who can properly report these …
The Foreign Investment in Real Property Tax Act (FIRPTA) was enacted in 1980 in order to impose a tax withholding requirement on foreign persons disposing …
5 Things You Should do if You have Unreported Foreign Income Learn about what to do if you have unreported foreign income and accounts. Non-Compliance …
Contents1 Foreign Bank and Account Reporting on the FBAR1.1 1. the Taxpayer is a “U.S. person”1.2 2. the taxpayer must have Financial Interest, Signature or …
Contents1 Is a Quiet Disclosure Ever a Good Option in Non-Willful Cases?2 What is a Quiet Disclosure?3 What are the Risks Associated with Quiet Disclosures?4 …
Contents1 FATCA India Compliance for Investments in India2 Worldwide Tax Reporting Requirements for U.S. Persons2.1 U.S. Persons2.2 FinCEN 114 “FBAR”2.3 Form 8938 “FATCA”2.4 Form 8621 …