What Are My Options If I Am Fully Compliant With My FBAR Filing Requirements But Not Compliant With My Other International Information Returns?
Taxpayers who are fully compliant with their FBAR Filing Requirements but who are not compliant with their other international information returns, such as Form 3520, Form 3520-A, Form 5472, Form 926, Form 8865, are not suitable candidates for the streamlined procedures or for the Offshore Voluntary Disclosure Program. Instead, they should file the appropriate delinquent information returns […]
What A Thoughtful Gift
If you receive a $50 check in the mail from your Nana in the UK a few days before your birthday, it is fairly easy to deal with the income tax consequences of this transaction, especially if the check comes in one of those generic puppy-dog cards from the supermarket. That being said, most accountants […]