There are still many US taxpayers who are in the process of understanding IRS FBAR compliance and the genuine risk their activities (or lack of compliance) will come to light. A US taxpayer, include all citizens and those who work or live for more than six months and one day...
Taxation in a Divorce Settlement Must Be Considered
If you are working through the financial issues at the end of your marriage taxation in a divorce settlement must be considered before you sign the final agreement. Child support is neither deductible to the payor nor taxable to the recipient. Many Californians are unaware that spousal support is taxable...
Tax Extension Due Dates for Corporate and Personal Returns Approaching
The tax extension due dates for corporate and personal returns is approaching quickly. Important deadlines for many corporate tax returns in September (originally due in March) and October (for personal filers originally due in April) will come to pass in the next 45 days. September 15 is not only the...