Overview Have you ever wondered what needs to be declared on a U.S. tax return if you own foreign assets? Depending on the type of foreign asset, you may be required to file a Foreign Bank and Financial Accounts Report (for more on that, refer to the article: Reporting My Foreign Bank and Financial Accounts) or even Form 8938. Beginning in 2011, th...
Understanding Dual-Role Worker Classification and IRS Implications For business owners, the decision on how to classify those who work for them is very important. It's been known for a while that worker classification matters are one of the key target areas for the IRS, and in an era of constant cutbacks and budget shortfalls, it's an area that wil...
