How to Pay the Amount You Owe to the IRS
The IRS provides a variety of convenient payment options to help you pay your tax bill easily. Discover the best method for your needs and stay on top of your taxes.
Third Party Authorizations
Published by the Internal Revenue Service Original Source: Power of Attorney and Other Authorizations You can grant a third party authorization to help you with federal tax matters. The third party can be a family member or friend, a tax professional, attorney or business, depending on the authorization. There are different types of third party…
Foreign Persons | International contractors and freelancer: Working with U.S. Companies | U.S. Citizens and Resident Aliens Abroad
Beneficial Ownership Information Reporting (BOI)
Beginning on January 1, 2024, many companies in the United States will have to report information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN). FinCEN is a bureau of the U.S. Department of the Treasury.
The Importance of a Travel Calendar for Taxpayers
Your travel calendar 🌎📅💼 is crucial for accurate tax preparation. It helps your tax professional in several ways: ✅ Determining Residency Status: Your travel records help establish your residency status, which affects your tax obligations and eligibility for deductions or credits. For U.S. citizens and resident aliens living abroad, or non-resident aliens in the U.S.,…
Foreign Persons | International contractors and freelancer: Working with U.S. Companies | U.S. Citizens and Resident Aliens Abroad | U.S. Territory Taxpayers
Understanding Tax Return Preparer Credentials and Qualifications
Understanding Tax Return Preparer Credentials and Qualifications
Streamlined Filing Compliance Procedures
Understanding the Internal Revenue Service (IRS) Streamlined Filing Compliance Procedures. What is it❓Who Must File 🕒When to file🤔How to File📚Record-keeping Requirements⚖️Penalties 📭 Post-Submission Process 🔍 Future Compliance 📝🤝 CLAN TAX can help! Hire a tax professional or 🛠️DIY. Key Changes. Eligibility Criteria: Who Qualifies? Domestic or Foreign: (SDO) Streamlined Domestic Offshore Procedures: U S Taxpayers Residing in the U. S. and (SFO) Streamlined Foreign Offshore Procedures: U.S. Taxpayers Residing Outside the U. S. Non-willful Certification. Exclusions: When Streamlined Procedures May Not Apply
FBAR Essential Guide: Who, What, When, Where, Why and How to.
FBAR: FinCEN Form 114. Report of Foreign Bank and Financial Accounts.🧾We can help!We can prepare and file your FBAR on your behalf!📝🤝What is it❓Who Must File 🤷♂️What is a Foreign Financial Account❓Exemptions from FBAR Filing🕒When to file🤔How to File📚Record-keeping Requirements⚖️FBAR Penalties🗓️Filing Delinquent FBARs and FAQ’s