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

Posted in Tax News on June 2, 2013

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…

Tagged with: Corporations, Estate, FBAR, Foreign Bank Account, form 8938, Form TD F 90-22.1, Income Tax, Income Tax Forms, IRS, Limited Liability Company, LLC, Offshore Voluntary Disclosure Initiative, OVDI, Partnership, Tax Amnesty, Tax Penalty, Trust, U.S. Treasury

The Difference Between the FBAR and IRS Form 8938

Posted in Tax News on May 15, 2012

Investors with offshore accounts must be familiar with the filing requirements of the FBAR and IRS Form 8938. FBAR Any U.S person with offshore accounts that had more than $10,000 in them any time during the year must file…

Tagged with: Civil Penalty, Corporation, Electronic File, Estates, FBAR, Foreign Assets, form 8938, Form TD F 90-22.1, Income Tax, Internal Revenue Service, Investors, IRS, Married Filing Jointly, Offshore Accounts, Partnerships, Report of Forreign Bank and Financial Account, Statement of Specified Foreign Asset, Trusts

7 Things Connecticut Taxpayers Should Do Before Filing Their Income Tax Return

Posted in Tax News on April 3, 2012

1) Don’t panic. The returns are due on April 17th this year. This is due to April 15th falling on the weekend and April 16th being a holiday in Washington DC. If you can’t get your return completed and filed…

Tagged with: 401(k) Plan, Connecticut, Connecticut Income Tax, Connecticut Income Tax Return, Connecticut Retailers, Connecticut Sales tax, Connecticut Taxpayer, Connecticut use tax, CT, Dividends, estimated income taxes, Estimated Taxes, extension, FBAR, Foregin Assets, Foregin Bank Account, Form 4868, form 8938, Form CT-1040-Ext, Form TD F 90-22.1, Income Tax, income tax extension, income tax planning, Income Tax Return, Interest, ira, Married Filing Jointly, Married Filing Separately, Offshore Accounts, offshore investments, Ordinary Dividends, Penalties, Retirement, roth ira, Schedule B, tax deductions, tax exte, Tax penalties, tax planning, Withholding

3 Reasons To File IRS Form 8938, Statement of Specified Foreign Assets

Posted in Tax News on February 8, 2012

1) You have a “Specified Foreign Financial Asset” which exceeds the filing requirements Financial Assets that are subject to this form are: A Financial Account maintained by a foreign institution and the following assets not held in an account with…

Tagged with: extension, FBAR, Financial Asset, foregin institution, foreign account, foreign asset, Form 1040, Form 4868, form 8938, Form TD F 90-22.1, Income Tax, income tax extension, Income Tax Penalty, Internal Revenue Service, IRS, irs penalties, Married Couple, Married Filing Jointly, October 15th, Offshore Accounts, Penalty, Stock, Tax Penalty, Taxpayer, Treasury Department

How to File Your FBAR and Avoid Huge Penalties

Posted in Tax News on May 19, 2011

The Report of Foreign Bank and Financial Accounts Form TD F 90-22.1 (“FBAR”) is due June 30, 2011. This form must be filed by a United States person with a financial interest in or signature authority over a foreign financial…

Tagged with: Amended Tax Return, Bank Account, Civil Penalty, Dividends, FBAR, Foreign Bank Account, Form TD F 90-22.1, Income Tax Return, Interest, Internal Revenue Service, IRS, Offshore Account, Schedule B, Treasury Department

Branford, CT 203.208.0572
Glastonbury, CT 860.646.2465
Niantic, CT 860.739.5459
Storrs, CT 860.429.7885

Blog Archives

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

The Difference Between the FBAR and IRS Form 8938

7 Things Connecticut Taxpayers Should Do Before Filing Their Income Tax Return

3 Reasons To File IRS Form 8938, Statement of Specified Foreign Assets

How to File Your FBAR and Avoid Huge Penalties

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Branford, CT 203.208.0572 Glastonbury, CT 860.646.2465 Niantic, CT 860.739.5459 Storrs, CT 860.429.7885

Blog Archives

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

The Difference Between the FBAR and IRS Form 8938

7 Things Connecticut Taxpayers Should Do Before Filing Their Income Tax Return

3 Reasons To File IRS Form 8938, Statement of Specified Foreign Assets

How to File Your FBAR and Avoid Huge Penalties

Search

Links

Latest News

Categories

Get Free Tax Tips

Branford, CT 203.208.0572
Glastonbury, CT 860.646.2465
Niantic, CT 860.739.5459
Storrs, CT 860.429.7885