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One of the hallmarks of FATCA (Foreign Account Tax Compliance Act) is the way it contains enforcement mechanisms and penalties […]

FATCA (Foreign Tax Account Compliance Act) will go into effect July 1, 2014 and will affect any foreign bank or

Non-resident aliens such as foreign workers and students are subject to tax withholding when they work in the United States. 

Background FATCA (Foreign Account Tax Compliance Act) is a measure passed in 2010 to ensure accurate tax reporting by foreign

Running a business is expensive. If you’re the owner or proprietor of a business, then there is only so much

E-commerce has seen a boom in the last 5 years, and as it became clear that it was a very

When an individual makes a jump from being a salaried individual to a retired individual, then she or he does

You receive a monetary gift as appreciation or a thank you for something you did.  Later, you receive a form

This is a common question.  You e-filed incorrect data through the IRS FIRE System.  Relax.  Others have as well.  I

The 1099-MISC has Copy A, B, C, 1 and 2. Copy A is sent to the IRS along with the