Do you have assets outside the USA?
Are you a part-year resident or do you have a dual-status year?
Do you own an interest in a foreign entity including corporations, partnerships and trusts?
Did you receive a gift from someone outside the USA?
If you have answered “YES” to any of these questions, you almost surely have special tax filing requirements.
Under the FinCen rules, every year the US Treasury wants to know what bank accounts and other financial assets you may have overseas.
Under the FATCA rules, every year the IRS wants to know what financial and other income-producing assets you have overseas and what income each asset produced.
In 2016, the report to the US Treasury is due on June 30 – no extensions!
In 2017, the report will be due on April 15, with an extension available to October 15.
We specialize in dealing with FinCen and FATCA filings and anything “foreign”. In fact, we receive a number of referrals each year from other accounting firms who choose to avoid this area of practice.
Copyright © 2016 Frederiksen-Crawford Certified Public Accountants, Inc., a professional tax and accounting firm in Corte Madera, California. Securities offered through 1st Global Capital Corp. Member FINRA/SIPC. Investment Advisory Services offered through 1st Global Advisors, Inc. Chris Frederiksen is licensed to offer securities in the state of California. This is not an offer to sell securities in any other state or jurisdiction.
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