International Tax Considerations for the Ordinary PersonJanuary 18, 2013
Did you know that as a US citizen, you are required to report your worldwide income from all sources on your US tax return? Did you also know that foreign bank accounts over a certain limit are also required to be disclosed? Were you also …aware that there has been an ongoing project by the IRS to identify those US citizens who do not disclose these accounts?
The omission of such income or acounts could be considered to be a criminal act. We have a great deal of experience in this area and can help individuals and companies report the income they need to on their US tax return.
Please call the office for more information.
Tags: Foreign Accounts, Foreign Disclosures, Foreign income
Written by: Doug Rodrigues