Reporting of Foreign Asset Ownership
As we come to the end of January and into the tax filing season, this would be a good time to touch on an issue touching more and more US taxpayers as the world economy reaches people in their everyday lives. This is not material and is lifted from the Foreign Asset Reporting page on my website. Foreign Bank and Financial Accounts: Commonly known as FBAR, is reported to US Treasury on form FinCEN 114 separately from the tax return. Due now on the same day as the tax return
Just because they pass laws doesn't mean they know them
Today I want to use Mr/ Peabody's Wayback Machine. We're going to look at something that happened in Massachusetts over a decade ago, and I promise there is a lesson to learned that still applies today. The year was 2002. Jane Swift was acting governor for the Commonwealth of Massachusetts. Jane inherited the role after former Governor, the late Paul Cellucci was named Ambassador to Canada. Jane was rather unremarkable, but not terribly liked as her attitude and somewhat


IRS Impersonation Phone Scams
In any event, here's how the scam works. You get a call from someone using an English sounding name claiming to work for the Internal R