FBAR Help: Don’t Wait Until It’s Too Late!

FBAR Help:  Why You Need It and How To Get It
On April 20, 2012, in a huge win for the government, a jury found Attorney Rick Matsa of Ohio guilty of, inter alia, one count of willfully failing to file a Report of Foreign Bank and Financial Accounts (FBAR). Attorney Matsa faces a potential …

FBAR vs. Form 8938

The new IRS Form 8938 does not replace or otherwise affect a taxpayer’s obligation to file Form TD F 90 – 22.1 (Report of Foreign Bank and Financial Accounts), aka, FBAR. Individuals must file each form (form 8938 and FBAR) for which they meet the relevant reporting threshold. Adding to the …

IRS Audit Red Flags: Nine Triggers For Examination

Don’t Trigger an IRS Examination for any of these IRS Audit Red Flags
Did you know that the IRS audited almost 1.6 million individual taxpayers in 2010?  That’s an 11% increase over 2009 and more than double the rate of 2002.  If you are audited, the IRS will attempt to open up 3 years for …

Injured Spouse Relief: Not The Same As Innocent

Injured Spouse relief is available for married taxpayesr who wants to enjoy the benefits of filing a joint return without having to worry about having that benefit wiped out by their spouses’s pre – existing debts.

The commonly discussed perils of filing a joint tax return

When …