In April, Kelly announced the first Bloomberg Tax & Accounting Insights student writing competition. The contest sought to highlight the very best of student writing.
Read MoreTag: FBAR
Treasury Signals That Cryptocurrency Like Bitcoin Will Be Reportable On FBAR
For years, Treasury has advised taxpayers that virtual currency is not required to be reported on the Financial Crimes Enforcement Network (FinCEN) Form 114, Report
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FATCA, FBARs, and Reporting Foreign Accounts On Taxes
Foreign bank accounts aren’t necessarily for mustache-twirling villains and the superwealthy, but they do trip up plenty of people when it’s time to file their
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Important FBAR Clarification
Today, FinCEN moved to again clarify questions surrounding the due date for filing Reports of Foreign Bank and Financial Accounts (FBARs). The FBAR requirements (31
Read MoreDon’t Overlook Foreign Assets At Tax Time
You may think you know what a taxpayer with foreign assets looks like. It’s easy to paint a picture of the super-rich jetting off to
Read MoreAsk The Taxgirl: Tax Forms, TurboTax & Offshore Accounts
Ask The Taxgirl: Tax Forms, TurboTax & Offshore Accounts
Read MoreFBAR, FATCA Filings Top 1 Million
More than 1 million Report of Foreign Bank and Financial Accounts (more commonly, FBARs) were filed in 2015, a record high. Under the Banking Secrecy Act (BSA) and Foreign Account Tax Compliance Act (FATCA), US taxpayers with foreign accounts are under more scrutiny than ever.
Read MoreIRS Issues Reminder As Taxpayers Near Deadline To Report Foreign Accounts, Assets
Two weeks. That’s all the time that you have left to comply with the mandatory reporting accounts for foreign accounts for the calendar year 2014.
Read MoreTax Deadline Fast Approaching For Taxpayers Living Abroad
Not all taxpayers had to file for extension if they weren’t ready on April 15: taxpayers who live abroad qualified for an automatic two-month extension
Read MoreFBAR Deadline Creeping Up: No Extensions Available
June is a busy month for taxpayers and tax pros alike. Nestled amid due dates for estimated tax payments and deadlines for taxpayers who were
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