Background. The law is well settled that the recipient of a gift or bequest is not required to pay income taxes when he or she
When you live or conduct business abroad, you often need a foreign bank account to make and receive payments locally. Or maybe you live in
You probably already know about FBAR and that you must report foreign bank and financial accounts if the account balances exceed certain thresholds. Starting in
Do your foreign bank accounts trigger FBAR filing requirements? When you live or conduct business abroad, you often need a foreign bank account to make
Important changes to the 2017 FBAR deadline You probably already know about FBAR and that you must report foreign bank and financial accounts if the account balances
Failing to Report Gifts from Overseas Can Result in Large Penalties Background. The law is well settled that the recipient of a gift or bequest
