Tax Chat

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i. Overview Who must file an FBAR? A person must file an FBAR informational return if all of the following conditions are met: (1) a

History of FBAR FBAR stands for “Foreign Bank Account Report.” The FBAR is a tool used by the U.S. government to identify persons who may

The Culprit: U.S. Worldwide Taxation The U.S. is one of the only countries left in the world that still taxes its citizens and residents on

Back in 1997, Dustin Hoffman was awarded the “Lifetime Achievement Award” at the Golden Globes Award Ceremony. After thanking everyone who helped him during his

The environment that taxpayers with unreported offshore bank accounts find themselves in today is downright frightening. The vision that many people have – and that