by Marina Hernandez | Dec 9, 2020 | FBAR & FATCA, Tax Forms, Tax Reporting
In our last post, we started going over the 20 most common tax forms that taxpayers with foreign income and assets typically use to report those assets and income to the IRS. We have already covered the following forms: (If you missed our previous issue, you can...
by Marina Hernandez | Oct 28, 2020 | FBAR & FATCA, Tax Planning
This is the third installment of our series covering the differences between FBAR and FATCA reporting for US taxpayers. FBAR and FATCA FAQs #11-20 11. Can I file a joint FBAR with my spouse? Yes. But there are conditions. Married couples can file a joint FBAR to...
by Marina Hernandez | Oct 21, 2020 | FBAR & FATCA, Tax Planning
This week we´re going to continue the discussion of the differences between FBAR and FATCA reporting for US taxpayers. As I was putting together the resources to write this week’s post of the Blog, I came across two examples of mistakes related to one of the topics we...
by Marina Hernandez | Oct 14, 2020 | FBAR & FATCA, Tax Planning
Every tax season, and this one was no different, one of the things I feel I have to help clients unlearn and relearn, again and again, are their many misconceptions around the FBAR Form FinCEN 114 and FATCA Form 8938. These forms can be relevant to many foreign...
