Tag Archives: FBAR

Taxpayer Not Required To File FBAR For Offshore Online Gambling Accounts; Accounts Were Not Banks

The Ninth Circuit Court of Appeals has held that a taxpayer was not required to file a Foreign Bank and Financial Account Report (FBAR) with respect to two online gambling accounts established in foreign countries used only to play poker … Continue reading

Posted in Blog, Featured on Homepage, Foreign Income, Tax Reporting | Tagged , | Leave a comment

Highway Bill Revises Return Due Dates

President Obama signed the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015  on July 31. The Act revises some return due dates, overrules the Supreme Court’s decision in Home Concrete, revises the employer shared responsibility requirements in … Continue reading

Posted in Blog, Featured on Homepage, Tax Notes | Tagged , , , , , , , , , , , , , , , | 2 Comments

Foreign Bank Account Reporting Due June 30th

Any US person that has a financial interest in, or signature authority over, foreign financial accounts whose combined values exceeded $10,000 at any time during the 2014 year, generally must disclose such accounts by filing an FBAR (Report of Foreign Bank … Continue reading

Posted in Blog, Finance & Banking, Foreign Income | Tagged , , , , | 1 Comment

June filled with Foreign Activity Reporting Requirements

U.S. citizens and resident aliens, including those with dual citizenship who have lived or worked abroad during all or part of 2012, may have a U.S. tax liability and a filing requirement in 2013, and that the filing deadline is … Continue reading

Posted in Blog, Foreign Income, Tax Reporting | Tagged , , | Leave a comment

Foreign Bank Account Reporting Due June 30th

There is a major and often overlooked tax filing that is due on June 30th. Any US person that has a financial interest in or signature authority over foreign financial accounts with an aggregate value in excess of $10,000 at … Continue reading

Posted in Blog, Featured on Homepage, Finance & Banking | Tagged , , , | Leave a comment