Jul 24, 2017 | Firm Updates, International Tax
In this International Tax Blog series we have been discussing the implications of failing to disclose foreign accounts to the U.S. government. The required form to disclose foreign accounts is FinCEN 114, Report of Foreign Bank and Financial Accounts, commonly...
Jul 18, 2017 | Firm Updates, Small Business
Tax reform has been a major topic of discussion in Washington, but it’s still unclear exactly what such legislation will include and whether it will be signed into law this year. However, the last major tax legislation that was signed into law—back in December of...
Jul 17, 2017 | Firm Updates, International Tax
Many people are surprised to learn that they actually do have foreign accounts to report and should have been reporting them for some time. The required reporting form is the FinCEN 114, Report of Foreign Bank and Financial Accounts, commonly referred to as the FBAR...
Jul 11, 2017 | Firm Updates, Tax Tips
Now that we’ve hit midsummer, if you own a vacation home that you both rent out and use personally, it’s a good time to review the potential tax consequences. If you rent it out for less than 15 days: You do not have to report the income. But expenses associated with...
Jul 10, 2017 | Firm Updates
Scams continue to be a problem for the IRS and taxpayers. Here are four recent scams to be aware of so you do not become a victim of the ever more sophisticated scammers: EFTPS scams. Con artists claim to be from the IRS and say that two certified letters mailed to...
