Do You Need To Report Foreign Bank And Financial Accounts (FBAR)?
Do You Need To Report Foreign Bank And Financial Accounts (FBAR)?
Many U.S. taxpayers are required to submit FBAR reporting to the Department of the Treasury, and they don’t even know it. Do you know if you need to report your Foreign Bank and Financial Accounts? Read on to learn more about FBAR reporting.
What is FBAR?
Foreign Bank and Financial Accounts, or FBAR, is a form the IRS uses to collect information on offshore financial accounts owned or managed by U.S. taxpayers. While many people believe the FBAR form is part of the annual U.S. tax returns process, it …
The IRS announced recently that most of the tax rates would remain unchanged or may change slightly for the year 2010. The 2009 tax brackets would be largely followed in the year 2010 too. Low inflation and slow economy has largely stagnated growth and due to it the IRS have decided to keep the tax slabs similar to last year. The federal tax table for 2010 has been formulated by the IRS by using the consumer price index (CPI) data released by the Bureau of Labor Statistics (BLS). For those of you who have to file your …
All of us are required to pay taxes. This is part of the law and, in most cases, we cannot get out from it whether you are individual, a small business owner or a company owner. There are times when one can easily solve his tax problems without the help of a third party. However, because of the complexities and the intricacies set by the tax laws of the country, it is very common for the ordinary taxpayer to get confused on how to handle tax issues. In the end, it is …
After a divorce is finalized, it does not mean that the agreement is set in stone. As time goes by circumstances are more than likely to change for one or both spouses. When a significant change in circumstances occurs in either spouse’s life, then it may warrant a post divorce modification.
Forensic toxicology is typically used to measurement drugs, alcohol and various poisonous chemicals in humans and other biological species. The analysis and interpretation of such measurements can be the turning point in a criminal investigation. Since the early 1900s, toxicology has played an increasingly more important role in criminal cases because of the rise in crime levels. Forensic toxicology has several areas of specialties yet the one that is sought after the most is postmortem toxicology.
Every law firm has the desire to attract new clients and keep the old ones. Attorneys and law firms use marketing to do this. It can be done using more traditional methods like commercial, bus stop advertisement, billboard, yellow page ad, or radio ad. However, more legal practices are using marketing tactics that fit in with the technology available in the 21st century.
The IRS is currently auditing and prosecuting holders of offshore credit cards, offshore bank accounts, foreign trusts, and international business companies for tax evasion and failure to report transfers. But there are ways to prevent prosecution by the IRS during an offshore tax audit or foreign tax audit.
Wonder why you would ever need State tax Attorneys? Then you are one of the lucky ones for now. Many Americans are stuck owing back State and federal taxes. This is where Attorneys specializing in State come in. They can help you know your rights and reduce the amount you owe by the thousands no matter what the reason you are behind in your taxes for.
No matter what legal trouble finds you, you are fortunate that in the United States there is likely an attorney that specialized in defending that type of case. If you have recently had communication with the Internal Revenue Service about some legal problems with your taxes, a tax lawyer may be the best person to consult. These attorneys help many people to sort through problems with the IRS and to have the best outcome from the case.
A lawyer knows the importance of law and justice. This practice effects many people’s lives so it requires a lot of experience.