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New Filing Date for Foreign Bank Account Return

By Amanda Wilson on Feb 24, 2017 in financial accounts, government, International, lowndes, taxing times, treasury, Foreign Operations

By:  Amanda Wilson If you have a foreign bank account (or signatory authority on a foreign bank account), you are required to file a Form 114 (commonly called an FBAR) if at any point during the calendar year the combined balance in all of your...

A New Year's (Awaiting) Resolution

By Amanda Wilson on Feb 8, 2016 in FASB, Financial, financial accounts

How FASB's Change to "Materiality" Could Materially Change 2016 By: Peter Simmons and Amanda Wilson As we close the books on the first chapter of our 2016 year, many investors cling to their New Year’s resolutions, hoping to make a material change...

Foreign Citizen Living In the U.S.? Remember Your FBAR

By Amanda Wilson on Jun 15, 2015 in financial accounts, International, IRS, Foreign Operations

By:  Amanda Wilson If you are a foreign citizen that is considered to be a resident for U.S. income tax purposes, you need to be aware that your U.S. tax filing obligation is not limited to the income tax return.  U.S. taxpayers (including foreign...