Don’t Miss The Deadlines For Filing Estimated Taxes
Posted in News on December 31, 2018
Posted in News on December 31, 2018
Posted in News on November 30, 2018
If you own a business, you could be at risk of providing an instrument for money laundering. This is especially true if you operate a business where cash transactions are a normal part of day-to-day business operations.
Read MorePosted in News on October 31, 2018
Posted in News on September 28, 2018
A Virginia tax lawyer can provide insight into how the Tax Cuts and Jobs Act could affect your tax liability. The Tax Cuts and Jobs Act has made fundamental changes to many aspects of the way that businesses and corporations are taxed. Recently, Bloomberg reported that some taxpayers may be able to take advantage of some of the changes in the tax code by using an obscure tax provision that remains in place from the 1960s.
Read MorePosted in News, Offshore Account Update on August 31, 2018
Any U.S. taxpayer is expected to comply with IRS rules and regulations, including in situations where a U.S. affiliated person lives abroad. There are strict rules in the United States for taxpayers who have financial accounts outside of this country, even if those taxpayers are living in a foreign jurisdiction and simply have an account in a bank where they live. Depending on the account's value, requirements may include filing an annual Report of Foreign Bank and Financial Account (FBAR). Taxpayers may also be required to disclose foreign assets by filing Form 8938 with their tax returns.
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