FBAR Deadline Near

FBAR Deadline Near

Have you filed your FBAR? If not, it’s okay, there is still time as the due date is June 30th. Here is a short guide to help you with your efforts in gathering the information and understanding why you are filing this report. FBAR Rules and Definitions The Report of...

How to Properly Report Foreign Income on Your Return

If you are receiving returns on investments or payments from an employer in a currency other than US dollars, there are particular steps to take in order to make sure you are reporting it correctly to the IRS. First, you must always report the income and expenses on a...

Online Gambling and Your Tax Return

Over the past decade, various forms of online gambling have been growing in popularity. Sources estimate that in 2013, the online gambling industry earned 30 billion dollars worldwide. Although federal law makes most internet gambling illegal across state lines, and...