What Is FATCA?

What Is FATCA?

Under the Foreign Account Tax Compliance Act, U.S. taxpayers holding financial assets outside the U.S. must report those assets to the IRS using Form 8938, Statement of Specified Foreign Assets, which is attached to your annual return. However, in order to make...
What To Know About Fringe Benefits and Taxes

What To Know About Fringe Benefits and Taxes

You can generally deduct the amount you pay your employees for the services they perform. The pay may be in cash, property or services. It may include wages, salaries, bonuses, commissions or other noncash compensation such as vacation allowances and fringe benefits....