Posts Tagged Reporting

FBAR (Foreign Bank Account Reporting): IRS Document Requests Continue

In the wake of the UBS AG fallout and IRS Offshore Settlement Initiative, the IRS will continue to pursue offshore tax evasion through the Information

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Fuel Tax Software – IFTA Tax Reporting Procedures

International Fuel Tax Agreement (IFTA), between United States of America and Canada has laid down certain procedures, which are required to be follo

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Can a US citizen be penalized for not reporting German SSA benefits to IRS?

Is there a penalty for not reporting German Social Security benefits to the IRS, even if they were not taxable because of the low overall income? Than

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Reporting cash receipts of over $10,000 to IRS

If you receive cash in excess of $10,000 from one single buyer, or a single individual for whatever reason, during the past 12 months, you must report

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Is there a reward for reporting an individual for tax evasion? If so how much is the reward?

I just rolled over on someone who makes roughly 70K per year, and he has never filed a return. He's made this money over the past 6 years, so I figur

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How does the IRS investigate tax evasion if someone has been paid cash their not reporting?

If you turn someone in to the IRS for tax evasion when they've been paid with cash, does the IRS investigate bank records, etc to see if income amount

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How much money do you get back on your taxes by reporting childcare expenses?

My wife and I are weighing our options of a licensed vs. unlicensed daycare. If we pay $125 and they file taxes, how much do you think we will get b

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Tax reporting of wash sale on covered call straddle?

I wrote covered calls against a stock that I own (with a short-term holding period). The calls were not "qualified" because I wrote them less than 30

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