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A business selling both groceries and prepared food runs two tax regimes at once: exempt food products on one side, meals
Massachusetts requires a restaurant to register with the Department of Revenue to collect meals tax before the business opens, not after
A voluntary tip is never part of the taxable meal price. A mandatory service charge can also escape Massachusetts meals tax,
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Foreign pensions have no blanket FBAR answer. The retirement exceptions written into the rules cover U.S. IRAs
After Bittner v. United States, the non-willful FBAR penalty accrues per annual report, not per account: currently
Update: the IRS has withdrawn the Delinquent FBAR Submission Procedures. The programme’s page on irs.gov now returns
Update: the IRS has withdrawn the Delinquent FBAR Submission Procedures. The programme’s page on irs.gov now returns
A complete and accurate FBAR stays valid even when foreign income was left off your tax return.
One foreign investment account can trigger three separate U.S. reports. The FBAR (FinCEN Form 114) discloses the
A foreign brokerage or investment account generally belongs on the FBAR at its highest value for the
The FBAR (FinCEN Form 114) is a Bank Secrecy Act report filed with FinCEN, not an IRS
