Foreign Bank and Financial Accounts (FBAR)
Jun 27, 2011 Cash Management, Federal Tax Return, Financial Decisions, Income Taxes
TweetDo you have business interest in a foreign bank or have any foreign financial accounts? We have provided information especially for US taxpayers living abroad or resident aliens regarding filing a personal income tax return. The Internal Revenue Service (IRS) has updated their Frequently Asked Questions (FAQ) regarding Foreign Bank and Financial Accounts (commonly referred to as FBAR) including specifically updated FBAR filing requirements and updated FBAR financial accounts.
Tags: filing requirements, financial accounts, foreign bank accounts
Tax Tips for US Taxpayers Living Abroad
Jun 26, 2011 Federal Tax Return, Income Tax
TweetTax tips for US taxpayers living abroad are always useful. The America.gov Archive website is no longer updated but still provides important recommendations for both US citizens who live abroad and resident aliens. In summary, regardless of what kind of financial information you file (for example, income tax returns, estate returns, or gift tax returns), the filing rules are the same whether you live in the continental US or abroad. The rules also include paying any estimated taxes.
Tags: Individual Taxpayer ID Number, Resident Alien, Social Security Number, W-7

