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.

Tax Instalments Due

Be advised that personal tax instalments are due on March 15, 2018. Any individual who received a request to pay personal instalments in January or February, needs to attend to this matter before the due date.

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.