Tag Archives: FBAR

Foreign Bank and Financial Accounts- FBAR New Filing Date Reminder — Friday

Several years ago the IRS mandated new rules on FBAR – Foreign Holdings Reports on your US Tax return greatly increasing the number of folks that have to report .. Don’t Forget!

Report of Foreign Bank and Financial Accounts – FBARForeign money photo-1514903972551-c828aec4146e

You likely know who you are as the IRS has increased the number of folks that need to report Foreign Holdings by lowering many of the thresh-holds of foreign funds.

What you may have forgotten is the new filing date is also the same as our regular filing date, next week.

Here is the IRS link on the matter, we just wanted to remind you just one more time…. Heads up, don’t forget!

Today is a Friday heading into … you guessed it .. a tennis tournament weekend for the 13 year old. No travels, no rain, perfect weather AND an A Draw match, finally … Looking forward to it!

Have a Great Weekend… See ya next week!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com

Green Light for those that need to File their Taxes – FBAR Reminder, Tax D Day Reminder

We now have the third corrected 1099’s and we are happy to say it looks like the coast is clear.20170324_010525528_iOS

If you have a refund or are in need of filing quickly, this is your “Green light” to file !

Go for it!

Speaking of Taxes…. Some reminders….

Important Date Reminders

FBAR (Foreign Bank and Financial Asset Requirements) those that have control of assets in another country… the new filing date is April 15th….BUT, if you fail to meet this date, according to this IRS statement, a new extension date for six months is being allowed. There was not an extension in the past and this is a moving target as far as we are concerned. If at all possible, file on time, just to be safe.

Given the above date, the ACTUAL filing date for regular filers in the USA this year is April 18, 2017… several holidays are pushing the normal date out.

Confusing…. yes….

Hey it’s a Friday and we still have plenty of time, but don’t let it sneak up on you !

Cheers !

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com

 

Foreign Bank and Financial Accounts (FBAR) – Filing Due Tomorrow June 30 2016

With a smaller world and using our firm as an example, having many wonderful clients and friends who may be originally from a foreign country, residing here in the USA, we wanted to send a reminder.

FBAR Filing due tomorrowFBAR

American tax filers who have control over funds in other countries need to file their FBAR or their statement of Foreign Bank and Financial Accounts update by tomorrow.

Here is the link to the actual FBAR filing page

Here is the link to the IRS page concerning FBAR filing

The penalties are stiff and there are no extensions, so if you need to file, do not delay!

Have a super day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com