You know June 30th is the last day to report your foreign bank accounts details (fbar) to IRS. So remember, if you’re an American citizen, and have over K in foreign bank account, savings account, you need to file this report (FBAR FORM) by June 30. Deadline for 2010 FBAR forms is JUNE 30, 2011 … Read more
Article by Nicky Michael Section 1031 in the Internal Revenue Service is a boon for a prospective investor, selling an investment property and wanting to make a profit by reinvesting in a similar property elsewhere in the country. This wonderful concept works on the principle of gain rolling from the old to the new. There … Read more
Article by louise blake Irv Blackman really could be described as one of a kind. If you take a look at his website, Taxsecretsofthewealthy.com you will see that Irv is on somewhat of a mission to save people money, especially the taxes that they pay. When you’ve taken a look around Taxsecretsofthewealthy.com you can’t help … Read more
A bank levy is a nasty tool the Internal Revenue Service has at their disposal to use against taxpayers they believe owe them money. The Internal Revenue Service issues a levy notice to the person’s bank. This levy notice requires the bank to freeze the party’s assets for twenty-one days. If, for any reason, the … Read more
Article by Kevin Thorn The deadline to apply to the IRS Voluntary Disclosure Program now over; however U.S. taxpayers still can file a voluntary disclosure under the IRS normal procedures. In 2009, the IRS and U.S. Department of Justice began its highly publicized investigation into Swiss bank UBS AG and U.S. accountholders who hid these … Read more