Understanding Dual-Role Worker Classification and IRS Implications For business owners, the decision on how to classify those who work for them is very important. It's been known for a while that worker classification matters are one of the key target areas for the IRS, and in an era of constant cutbacks and budget shortfalls, it's an area that wil...
Overview Have you ever wondered what needs to be declared on a U.S. tax return if you own foreign assets? Depending on the type of foreign asset, you may be required to file a Foreign Bank and Financial Accounts Report (for more on that, refer to the article: Reporting My Foreign Bank and Financial Accounts) or even Form 8938. Beginning in 2011, th...
