by asoto64 | Jun 7, 2014 | Blog
The Foreign Account Tax Compliance Act (FACTA) What U.S. Taxpayers With Foreign Assets Need to Know! FATCA is the Foreign Account Tax Compliance Act. FATCA was enacted in 2010 to target non-compliance by U.S. taxpayers using foreign accounts. FATCA requires foreign...
by asoto64 | Jun 7, 2014 | Blog
Foreign Bank Account Reporting (FBAR) What U.S. Taxpayers with Foreign Accounts Need to Know. FBAR is the Foreign Bank and Financial Account Report. FBAR rules are set forth in the Bank Secrecy Act, first enacted by Congress in 1970, the responsibility for enforcing...
by asoto64 | Jun 7, 2014 | Blog
Bad IRS Audit Results? You may be eligible for “Audit Reconsideration”! Audit Reconsideration may be available to taxpayers that were assessed under the IRS Automated Underreporter Program (AUR) and the Automated Substitute For Returns Program (ASFR). AUR assessments...
