PATH Act and it’s Effect on FIRTPA Rules
Here are the new FIRPTA rules of the PATH act simply defined:
It is not a tax, but a mandatory tax deposit of 10% to 35% of the sales price, depending on type of sale. So, if the sales price is $130,000, and you are subject to […]
New FBAR Reporting Deadline
In a new development, the FBAR filing deadline has been amended as part of the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015. Traditionally, the FBAR has had a hard deadline of June 30 of the year following the calendar year in question. However, effective for the 2016 taxation year, the FBAR […]