FBAR What is FBAR FBAR is a report of foreign bank accounts and its sole purpose is to collect data on the balances of foreign bank accounts. Who Has to File an FBAR If you have had $10,000 or more in a foreign bank account, brokerage account, mutual fund, trust or other type of foreign…
Identity theft places a burden on its victims and presents a challenge to businesses, organizations and government agencies, including the IRS. Tax-related identity theft occurs when someone uses your stolen Social Security number to file a tax return claiming a fraudulent refund. Identity thieves often use a legitimate taxpayer’s identity to fraudulently file a tax…