Jim Tomasik's Blog – June 2009 Archive (3)

I.R.S. CREATES TAXPAYER CONFUSION ON DUE DATES Form TD F 90-22.1 REPORT OF FOREIGN BANK AND FINANICAL ACCOUNTS (“FBAR”) This I.R.S. assumes taxpayers and tax advisors have a duty to search for complex revised FAQs hidden deep in their website and digest the information, advise our clients and take action within a week before a filing deadline…all under the threat of large penalties. In addition, clients misinterpret the rules – easy to do -- and now… Continue

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