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Tax Tips & News: bank

Tax Season Begins; R&G Brenner Promotions Extended

2 minutes read

The 2016 tax season has officially begun as the IRS is currently accepting tax returns for electronic filing. Many employers are mailing their wage documents earlier and/or are offering ways for employees to download their documents.  As such, we are seeing a noticeable increase in client volume at many of our R&G Brenner offices.  If you’d like to make an appointment for an early appointment, we ask that you do so as soon as you are able so we can accommodate your preferred meeting dates &...

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IRS Rewards Whistle-Blower Record Amount; $104 Million

1 minute read

The IRS recently awarded Bradley C. Birkenfeld a record amount of $140 Million under the new and improved Whistle-Blower program.

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Who Pays Tax On Joint Bank Accounts?

3 minutes read

Who's Responsible For Tax?

This question seems simple but is important. After all, if you’re a U.S. citizen or permanent resident, you must report your worldwide income to the IRS even if you’re paying tax on it somewhere else. See Expats Lobby For Tax on Residence, Not Worldwide Income. Moreover, you must file an FBAR every year disclosing your bank accounts if their aggregate value exceeds $10,000 at any time during the year…The penalties for either failure are big, potentially even...

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