Are You a Tax Cheat? Beware the IRS Audit (Even If You’re Not)

Filed in CPA Blog by on August 12, 2016

Are you a tax cheat? The phrasing itself is pretty inflammatory, as in our experience few people set out to pro-actively cheat the IRS. Instead, the maze of requirements, regulations, and paperwork can confound even the smartest tax payer or even many tax preparers, enrolled agents, and even CPAs.

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FBAR (Foreign Bank and Financial Accounts) – Quick Facts

Filed in CPA Blog by on September 15, 2015

International tax preparation is one of our strongest areas of expertise. With residents in San Francisco often having overseas business, we do a lot of this type of work. Nowadays, one of the most confusing elements is FBAR: Foreign Bank and Financial Accounts. Here is an overview:

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CPA for Revised FBAR Delinquent Filings

Filed in CPA Blog by on July 15, 2014

We get a lot of inquiries at Safe Harbor LLP, usually for a “CPA for this” and a “CPA for that.”  For example, people will Google “CPA for small business in San Francisco,” or “CPA for architects,” and ask if we do that. Generally the answer is: YES. For most small businesses and high income […]

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FBAR Compliance Information: a List of Official Resources on FBAR

Filed in CPA Blog by on May 19, 2014

Being a San Francisco-based CPA firm, we have many international tax clients. San Francisco and the whole San Francisco Bay area contain many, many residents who are first or second-generation immigrants. Often, many have business and financial interests overseas. Even many USA-born citizens will have foreign interests, as so many Bay Area businesses are international […]

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FBAR Effect: Denouncing US Citizens to Avoid International Tax Issues

Filed in CPA Blog by on May 11, 2014

We’re avid readers at Safe Harbor LLP, and this came across our proverbial Internet desk: More renounce US citizenship but deny sterotype The government’s pursuit of tax evaders among Americans living abroad is indeed driving the jump in abandoned citizenship, experts say. But renouncers — whose ranks have swelled more than five-fold from a decade […]

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Safe Harbor LLP Announces Increased FBAR Streamlined Filing Assistance for San Francisco Bay Area Residents

Filed in CPA Blog by on May 5, 2014

Safe Harbor LLP, a top San Francisco tax service, is proud to announce that, in response to recent IRS announcements regarding Reports of Foreign Bank and Financial Accounts (FBARs), the firm is increasing its FBAR-related streamlined filing assistance. “Because the San Francisco Bay Area is both a hotbed of entrepreneurship and a heavily International area, […]

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FBAR Filing, Forms, Reporting and Penalties: a 2013 Update for San Francisco Bay Area Residents

Filed in CPA Blog by on January 14, 2013

January 13, 2013. The FBAR (Foreign Account Tax Compliance Act) has been all over the news lately, as the IRS is cracking down on US citizens and residents who have foreign bank accounts but do not comply with US tax laws in terms of reporting. Since we are a top San Francisco Bay Area CPA […]

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