Tag Archives: FBAR
File FBAR by June 30; Offshore Company in British Virgin Islands (BVI) Offers Benefits But Not Tax Haven
With the deadline to file the Report of Foreign Bank and Financial Accounts (FBAR) just a few days away on June 30 (no FBAR extensions allowed, so file on time), we are thinking about offshore assets and overseas bank accounts. We … Continue reading →
Posted in Business Law, Corporate Taxes, Filing Your Tax Return, Offshore Bank Account, Overseas Assets, Starting a New Business, Tax Law
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Tagged British Virgin Islands, BVI, FBAR, Form 8939, Mitt Romney, Offshore Assets, Offshore Company, Offshore Voluntary Disclosure Initiative, OVDI, overseas bank accounts, personal anonymity, Report of Foreign Bank and Financial Accounts, tax evasion, Tax Haven, tax return, tax savings, UBS scandal, white collar crime
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Tax and Estate Planning: Private Foundations, Business Expense Deductions, Deed Tenancy, Foreign Assets
Even though the value of Facebook’s stock has depreciated considerably since the recent IPO, and many of us have learned some stock market lessons the hard the way, a lot of original investors and Facebook employees have obtained sudden wealth. … Continue reading →
Posted in California Trust Law, Charitable Planning, Estate Planning, Offshore Bank Account, Overseas Assets
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Tagged 501(c)3, Attorney General of California, Business Expense Deductions, capital gains, charitable donations, charitable organization, Deed Tenancy, Estate Planning, Facebook, fair market value, FBAR, Foreign Assets, Form 8938, Form W-9, IRS Service Center, Joint Tenancy, money for retirement, not-for-profit organization, Offshore Bank Account, out-of-pocket costs, overseas assets, Private Foundations, Publication 463, Report of Foreign Bank and Financial Accounts, sudden wealth, tax basis, tax liability, Tax Planning, Tenancy in Common, U.S. Treasury, wealth management strategies
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Offshore Voluntary Disclosure Initiative (OVDI) Deadline Extended by IRS to Sept. 9, 2011
If you intended to take advantage of the second special voluntary opportunity to reveal undisclosed offshore accounts and income to the Internal Revenue Service, but are unable to meet the original August 31, 2011 deadline as a result of Hurricane … Continue reading →
Posted in Business Law, Corporate Taxes, Gift Tax, Income Tax, Offshore Bank Account, Overseas Assets, Tax Law
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Tagged bankers, California attorney, certified public accountant, criminal charges, FBAR, finances, financial institutions, foreign account, Hurricane Irene, Internal Revenue Service, IRS, offshore accounts, Offshore Voluntary Disclosure Initiative, OVDI, Report of Foreign Bank and Financial Accounts, taxes, taxpayers
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