Posts Tagged ‘Income Tax Forms’


How to File Your FBAR and Sleep (Well) at Night

The Report of Foreign Bank and Financial Accounts (“FBAR”) Form TD F 90-22.1 is used to report an interest in foreign financial accounts.

 Who Must File

Any U.S. person with a financial interest or signature authority must file an FBAR if the balance in the account exceeded $10,000 during the year. A U.S. person includes a U.S. citizen, U.S. resident and entities like corporations, partnerships, limited liability companies and trusts and estates.

The FBAR must … Continue reading »


5 Lessons Learned From Tax Season

Another Tax Season has come and gone.  Here are the 5 Lessons Learned from this Tax Season. 

1) Don’t Pass Tax Legislation on December 31

Congress passed the American Taxpayer Relief Act on December 31, 2012It’s clear that no one voting on it read it, much less understood it. The timing of this legislation was not good.  Due to the late passage of this bill the IRS was delayed with … Continue reading »


3 Proven Reasons You Should Be Prepared to File a Tax Extension This Year

 

The government finally passed the American Taxpayer Relief Act of 2012 at the last minute.  So, we have avoided the Fiscal Cliff…for now.

 

Now it’s time to file your 2012 tax return. Or is it?

 

Here are 3 Reasons You Should Be Prepared to File a Tax Extension This Year:


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