Robert Acevedo

What is FBAR Filing?

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FBAR filing is an important requirement for individuals who reside in the US. Whether the individual is a US resident or an alien resident, FBAR filing is mandatory when certain conditions are met. While filing the report in necessary, many people don’t know what is FBAR filing.

In this article, we will explain what is FBAR filing, how to file the report, and who should submit the report.

If you …

Robert AcevedoWhat is FBAR Filing?
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The Best Tax Tips for Realtors

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Real estate agents and brokers are considered self-employed. They receive income as commissions when a sales transaction is made. They are not considered employees under the federal tax guidelines, but are taken as sole proprietors. The status of a real estate agent remains the same even if they are working for a real estate brokerage firm as a broker or agent. The self-employed status of real estate brokers and agents …

Robert AcevedoThe Best Tax Tips for Realtors
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Who Should File FBAR?

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Foreign Bank and Financial Accounts Report (FBAR) is an important requirement that must be fulfilled by US citizens and aliens. However, not many people know who should file FBAR. The reason is that the rules are not so clear-cut when it comes to filing an FBAR.

In this article, we will inform what is FBAR, the deadline for filing FBAR, and also who should file FBAR.

If you need help …

Robert AcevedoWho Should File FBAR?
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When are Taxes Due in 2018

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It is important to know when are taxes due in 2018 so that the businesses and individuals can make their preparation for the important day. It is important to keep in mind that missing the tax filing deadline can result in serious penalties by the IRS. If you wish to avoid these penalties, you need to be aware of when are taxes due in 2018. It is also important to …

Robert AcevedoWhen are Taxes Due in 2018
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Who Has to File FBAR?

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More of US citizens today are either living abroad or have businesses in other countries. The number of foreign accounts held by US citizens outside the US is also increasing every single passing day as they continue to grow their businesses. The foreign accounts may be kept for banking, pension or investment purpose. However, as a law abiding citizen of the US, one needs to report their foreign accounts to …

Robert AcevedoWho Has to File FBAR?
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7 Essential Tax Tips for Uber Drivers

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All Uber drivers should know that when it comes to paying taxes to IRS, they are not considered an employee of the ride-sharing company. Instead, the US tax authority considers them to be independent contractors. This impacts not just the way the tax is filed but the amount of tax and exemptions that can be availed by the drivers.

If you have registered as a driver for Uber, you should …

Robert Acevedo7 Essential Tax Tips for Uber Drivers
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Best Tax Tips for Small Business

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For a small business, the end of the year means a lot of things. From thinking about and determining what you want to achieve the coming year to beginning on the goal setting process. You also are in the middle of holiday shopping for your colleagues, clients, vendors and employees. And the end of the year signifies the time for one of the most important tasks, the task of closing …

Robert AcevedoBest Tax Tips for Small Business
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When is FBAR Due?

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Nowadays, for a US taxpayer to have a bank account or investment in another country is quite commonplace. Unfortunately, keeping your money tucked away in a foreign account somewhere does not mean you get to skip informing the authorities – in this case, the US Treasury Department. You may have heard of the need to file an FBAR, which stands for, “Foreign Bank Account Report”. As the name implies, all …

Robert AcevedoWhen is FBAR Due?
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How A Tax Return Works

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The following are the basic steps that taxpayers need to follow when they are working their tax preparation.

  • Your gross income includes the wages, investment interest, pension and the salary that you get from your job. Begin by adding all the items that make up your income. If you have a job then your employer is responsible for sending you the W2 form. This form shows how much you made,
Robert AcevedoHow A Tax Return Works
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Amazon Seller CPA

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Amazon is one of the most popular online platforms for buying and selling goods. The online store earns billions of dollars every month of which a major share goes to the third-party sellers. One of the best programs introduced by the online retail giant is Fulfillment by Amazon (FBA). The program allows you to sell products without investing in any physical infrastructure to store and transport them. The products are …

Robert AcevedoAmazon Seller CPA
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