Foreign Bank Account Reporting

US Citizens and Residents are reminded that the FinCEN Form 114 is due on April 16, 2018 for the 2017 year. Failing to file this report carries significant penalties.

You may apply for an extension before the deadline. You can’t apply for the extension following that deadline.

Confirming contact information

I am building in some automated confirmations into my business process. Clients will notice some of these changes when I start to work on their tax return.

My computer system will automatically ask for a confirmation of your contact information when I start working on your tax return. Also, if you ask for a change of information, you will be provided a preview of the change that I have entered and you will be asked to approve that change. The whole process should be completed within a minute and can be handled on a smart phone or other device any time of the day or night.

This is done to ensure that I have the correct contact information on your tax return when it is filed.

Email processing for 2018

Now that email bankruptcy has reset the inbox, what to do?

I am moving emails into a CSM (that means Client Service Manager) where threads will be kept there for business related conversations.

If a client message comes in the regular email, the goal is to move it into the CSM, then file the email in the email inbox immediately.

How long will this last? Don’t know. I still have emails from the late ’90s on a disk somewhere. I don’t like to throw emails away.