FBAR

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Americans abroad – Deadline filing 2021 return (June 15)

The IRS IR-2022-112 reminds Americans abroad (US citizens and resident aliens abroad) that they must file the 2021 tax returns by June 15, 2022. The automatic extension of two months is granted to those living overseas (no even need to ask for an extension as far as your residence is abroad). You might be entitled

By |2024-11-17T23:58:30+00:00June 3rd, 2022|Categories: Individuals|Tags: , , , , , , |

IRS reminds to report gig economy, crypto, foreign income and assets

In the IR-2022-45, the IRS reminds taxpayers of their reporting and potential tax obligations from working in the gig economy, making virtual currency transactions, earning foreign-source income or holding certain foreign assets. Gig economy earnings are taxable Generally, income earned from the gig economy is taxable and must be reported to the IRS. The gig

By |2024-11-18T00:06:23+00:00March 12th, 2022|Categories: Individuals|Tags: , , , , , , , , , |

FBAR deadline April 15 (automatic extension Oct 15)

The IRS reminds foreign bank and financial account holders the FBAR deadline remains April 15 in their Issue Number: IR-2021-83. Who Must File A United States person, including a citizen, resident, corporation, partnership, limited liability company, trust and estate, must file an FBAR to report: a financial interest in or signature or other authority over

By |2021-04-23T17:11:56+00:00April 9th, 2021|Categories: Individuals|Tags: , , , |
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