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Month: October 2022
Do You Have a Bank Account in a Country Outside of the United States?
If you have a bank account in a foreign country, you may need to disclose it to a branch of the government that fights financial crimes. This is what tax professionals call FBAR reporting. FBAR stands for Foreign Bank and Financial Accounts Report.
Hurricane Ian Tax Relief: What You Need to Know
The IRS has provided relief for victims of Hurricane Ian in Florida. Update: Tax relief was extended to the Carolinas on October 5, 2022.