It’s easy to mistakenly skip these forms when filing your tax return
Are you in the process of collecting your tax documents? Overlooking a form can cause unnecessary delays and some can even be criminal.
Recently, our CEO Marianela Collado was quoted on CNBC providing readers with information about which forms are needed to file a complete return. “And you must be diligent with the Report of Foreign Bank and Financial Accounts, known as FBAR, on FinCEN Form 114,” Collado said,” applying to bank accounts outside of the U.S. with a balance of $10,000 or more during any day of the calendar year. This one carries criminal implications if you fail to file or fail to report the income associated with that foreign bank account,” she warned.
To learn more about these necessary tax forms, click here: https://www.cnbc.com/2022/02/07/its-easy-to-mistakenly-skip-these-forms-when-filing-your-tax-return.html