The Internal Revenue Service memo is written in the terse, dry voice of the bureaucrat, but its meaning becomes clear as a reader plows through it. The bottom line of the memo about FBAR (Report of Foreign Bank and Financial Accounts) enforcement is that the IRS wants to improve its compliance efforts. It wants to make sure that those who have in the past failed to report assets in overseas
Archives for June 2015
Every business owner knows how tough it can be to inform Orlando residents of the existence of your services and products. Some use print media to inform consumers, other use TV, radio, the internet and some use telemarketing. Few people truly enjoy calls from telemarketers, but clearly, if the calls didn't generate business for companies, the companies would soon stop making the calls.
For expatriates, June 15 has the ominous quality that April 15 has for most other American citizens. Next week, expats have to file their annual income tax forms. About two weeks later, on June 30, another deadline looms. On that date, all U.S. taxpayers with qualifying offshore accounts must file an FBAR -- Report of Foreign Bank and Financial Accounts (FinCen Form 114). It's a day many dread
Just a short drive south of Orlando, law enforcement officials recently announced the arrests of eight men suspected of possessing and distributing child pornography. Polk County Sheriff's Computer Crimes detectives said the suspects range in age from 21 to 63. While the allegations they face are disturbing, so too is the frequency with which the suspects discussed alleged crimes with police