Comments for Universal Tax Professionals http://universaltaxprofessionals.com US Expat Tax Specialists Tue, 25 Apr 2017 13:58:48 +0000 hourly 1 https://wordpress.org/?v=4.9.6 Comment on About by The IRS and the US Expat | Expat Life on Internationality http://universaltaxprofessionals.com/about/#comment-14 Tue, 25 Apr 2017 13:58:48 +0000 http://accountingpro.frogsthemes.com/?page_id=279#comment-14 […] series he offered up this post as well with some general questions people who contact his firm  Universal Tax Professionals ask about filing their […]

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Comment on Do I need to file an FBAR? by You Can Run but there is No Hiding from the IRS http://universaltaxprofessionals.com/2015/11/24/do-i-need-to-file-an-fbar/#comment-12 Mon, 02 May 2016 09:05:12 +0000 http://universaltaxprofessionals.com/?p=691#comment-12 […] People have told me several times that if you deposit $10,000 in a foreign bank account over the course of a year, you are required to file an FBAR. I heard this so many time I began to think I was the one that misunderstood. However, I read the law and I went for easier language to understand as well and found that I was correct. One such source I used was CPAs at the firm Universal Tax Professionals. […]

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Comment on Do I need to file an FBAR? by Do I need to file an FBAR? - Infographic Portal http://universaltaxprofessionals.com/2015/11/24/do-i-need-to-file-an-fbar/#comment-7 Wed, 25 Nov 2015 01:38:53 +0000 http://universaltaxprofessionals.com/?p=691#comment-7 […] Do you need to file an FBAR.  The Foreign Bank Account Report is a documents required of some American taxpayer who own or have signature authority over financial accounts overseas.  The penalties for failure to file an FBAR can be great, so it is important to make sure to file this document if it is required of you.  Other questions that this infographic covers include answers to questions such as how to file, what needs to be included and what exchange rate to use, and the due date.  Once a taxpayer determines that an FBAR is required, then there are two ways to file.  The taxpayer can find a licensed tax professional, or the taxpayer can self file.  To self file go to the BSA website and the FBAR can be submitted electronically.  The FBAR is due on June 30th and there are no extension given in the current year.  Next year the rules will change and the due date will be earlier and extensions will be allowed. Infographic Source : http://universaltaxprofessionals.com/2015/11/24/do-i-need-to-file-an-fbar/ […]

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