27 April 2012
The IRS has posted Q&As on their website answering many of the most common questions regarding FATCA reporting (Form 8938, Statement of Specified Foreign Financial Assets.) Here are some of the most common questions and the answers from the IRS: Q: Must a taxpayer report foreign real estate on Form 8938? A: Foreign real [...]
Posted in Publications, Uncategorized0 Comments
25 April 2012
Not sure what this means or if it applies to you? Then please contact our office and we’ll be happy to answer any questions.
Posted in Announcements, Important Updates0 Comments
11 February 2012
Dear client: The IRS has reopened the offshore voluntary disclosure program (OVDP) to help people hiding offshore accounts get current with their taxes and announced the collection of more than $4.4 billion so far from the two previous international programs. The newest program is similar to the 2011 program in many ways, but with a [...]
Posted in Client Letter0 Comments
31 January 2012
Tax Season Humor A visitor from Holland was chatting with his American friend and was jokingly explaining about the red, white and blue in the Netherlands flag. “Our flag symbolizes our taxes,” he said. “We get red when we talk about them, white when we get our tax bill, and blue after we pay them.” [...]
Posted in Humor0 Comments
01 January 2012
Dear Friends and Valued Clients: Congratulations to the St. Louis Cardinals on their World Series victory! At this writing Bay area residents are nervously watching the 49ers who are playoff (and Super Bowl?) bound. Sadly we lost Steve Jobs , Harry Morgan from Mash, Smokin’ Joe Frazier, Andy Rooney, Al Davis of the Raiders, Amy [...]
Posted in Featured Stories, Letter From Sal0 Comments
30 December 2011
Taxpayers will be required to enter parcel numbers for each property for which a real estate property tax deduction is taken. This is effective with the 2012 tax returns. There will be a line item to reduce the property tax deduction for those non deductible property taxes. This will only apply to Schedule A. The big issue seems [...]
Posted in Tax Alerts & Updates0 Comments
14 December 2011
{The following article is from the USA Weekend Newspaper} Which comes first: saving more money or paying down debt? There’s no “one size fits all” answer, but there are guidelines to help you decide: They’re not mutually exclusive. While it’s sensible to pay down a credit card with a steep interest rate, try to set [...]
Posted in Articles0 Comments
Added on 12 October 2011
Annual Newsletter for 2011
Client Letter: Offshore Voluntary Disclosure Program Reopens in 2012
Tax Season Humor
Annual Newsletter for 2012
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