The worst and last correspondence anyone expects from Uncle Sam is a notice of audit. It gets pretty complicated if there are no records like receipts and documentation of any sort...
Posted by Thomas G Kinsella, ATP on 05/06/2021
What is an IRS audit?The IRS may choose to examine the taxpayer's accounts and financial information to ensure that all tax laws are followed. Even though the IRS only verified...
Posted by James Financial Services Inc on 04/09/2021
All US citizens with foreign accounts need to worry about the tax implications. Uncle Sam does not treat all funds held in a foreign bank account the same way as a domestic bank account....
Posted by KLSM CPA Firm PLLC on 03/31/2021
In case you are living abroad, the chances are that you’ve heard a lot about FATCA and FBAR. Do you know what they’re and whether you have to file or not? It is crucial...
Posted by Flynn Financial Group Inc on 09/14/2018
Many Americans have foreign bank accounts that they will hold their money in. Other countries will offer some attractive interest rates and other benefits that make these a great option...
Posted by TAX PROBLEM RESOLUTIONS INC on 03/19/2016
