Tag: IRS

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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FATCA Reporting and San Francisco Residents with Foreign Income

Filed in CPA Blog by on November 1, 2012

November 1, 2012. Taxpayers have long been required by the Bank Secrecy Act to report certain foreign accounts. Now, there is a new reporting requirement in the Foreign Account Tax Compliance Act of 2010. The IRS is requiring certain taxpayers to report their specified foreign financial assets in which they have an interest in tax […]

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What are the steps in a San Francisco IRS Audit Defense? Blog Post

Filed in CPA Blog by on August 25, 2012

An IRS Audit can be a very scary thing. (If you are facing an IRS Audit, contact us immediately for a free phone consult). Everyone fears the IRS, often without good cause. The government is doing its job of collecting taxes in a fair way; our job as a leading San Francisco CPA firm is […]

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OVDP, Expatriate Tax Returns & Foreign Income Help Announced by Safe Harbor CPAs

Filed in CPA Blog by on July 20, 2012

July 20, 2012. San Francisco, CA. Safe Harbor CPAs, a leading San Francisco CPA firm, announces help for individuals with foreign or overseas income, in light of the recent IRS announcement for 2012 on the Offshore Voluntary Disclosure Program (OVDP). The OVDP is a program that encourages US taxpayers to comply with US tax laws […]

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S Corp Audit Defense including S Corp Audit Flags and Risk Targeted by Safe Harbor CPAs

Filed in CPA Blog by on June 27, 2012

June 28, 2012.  San Francisco, CA.  Safe Harbor CPAs, a leading Small Business CPA firm, announces a new emphasis in assisting S Corp business facing potential IRS audits.  S Corps face increased IRS audit risk due to the so-called ‘tax gap,’ the difference between all potential taxes and actual taxes collected by the Internal Revenue […]

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