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
Regardless of your level of insight into taxes as an individual or a business, you must understand the concepts of FATCA and FBAR and their differences because to understand and utilize...
Posted by Taxes Made EZ Inc on 01/19/2021
Form 1099-MISC (miscellaneous income) is an IRS form that taxpayers use to report non-employee compensation. This is generally a commercial payment, not a personal payment.Freelancers,...
Posted by Dennis Jao on 12/12/2020
To bring improvements in the tax compliance globally, the government has issued major efforts of FATCA. Now you may be wondering what is FATCA? (Foreign Account Tax Compliance Act)....
Posted by Tax Solutions & Accounting Services on 06/26/2018
Tax issues of foreign persons in the United States...
Posted by The Accounting and Tax on 02/16/2016
