If I am a signatory on my employer’s bank accounts, do I need to report that?
Each U.S. citizen and permanent resident must report worldwide income to the IRSeven when paying taxes elsewhere. Moreover, you must file an annual FBAR (Foreign Bank Account Report now called FinCEN Form 114) disclosing your foreign bank accounts if their aggregate value exceeds $10,000 at any point during the year. The penalties for either failure […]
If I am a signatory on my employer’s bank accounts, do I need to report that? Read More »