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  2. Foreign Account Tax Compliance Act - Wikipedia

    en.wikipedia.org/wiki/Foreign_Account_Tax...

    The Foreign Account Tax Compliance Act (FATCA) is a 2010 U.S. federal law requiring all non-U.S. foreign financial institutions (FFIs) to search their records for customers with indicia of a connection to the U.S., including indications in records of birth or prior residency in the U.S., or the like, and to report such assets and identities of such persons to the United States Department of ...

  3. Bank Secrecy Act - Wikipedia

    en.wikipedia.org/wiki/Bank_Secrecy_Act

    Additionally, they must report the interest or dividend income from the accounts on Schedule B of the Form 1040 tax form and, if a higher threshold is exceeded, also report the amounts and interest on Form 8938.

  4. 5 red flags that can trigger a tax audit from the IRS - AOL

    www.aol.com/finance/5-red-flags-trigger-tax...

    While the overall audit rate for 2018 was 0.6%, the chances of being audited was much higher for high-income earners. Taxpayers reporting income from $500,000 to $1,000,000 were almost twice as ...

  5. Here’s why the IRS would want to audit your taxes - AOL

    www.aol.com/finance/why-irs-want-audit-taxes...

    You must file Form 8938 if the total value of your foreign assets is more than $50,000) ... That rate tripled to 0.6% for taxpayers reporting $1 million to under $5 million, 1.0% for taxpayers ...

  6. Swiss annuity - Wikipedia

    en.wikipedia.org/wiki/Swiss_Annuity

    A Swiss annuity is considered a foreign financial account and reportable to the U.S. Department of Treasury each year by filing Form TD F 90-22.1 (the "FBAR"). Further, a Swiss annuity generally is considered a specified foreign financial asset, which must be reported annually using IRS Form 8938 assuming the value is above certain thresholds.

  7. 1099-K Form reporting threshold delay announced: What you ...

    www.aol.com/1099-k-form-reporting-threshold...

    On December 23, the IRS announced a delay in reporting thresholds for third-party settlement organizations set to take effect for the upcoming tax filing season.

  8. Tax inversion - Wikipedia

    en.wikipedia.org/wiki/Tax_inversion

    A 2014 report by the Financial Times on US pharmaceutical tax inversions during 2012–2014, showed their aggregate worldwide tax rates dropped from 26 to 28% to 16–21%. A similar 2014 study by Forbes Magazine using the projected post-inversion tax rates from the inverting corporates also confirmed the same movement in tax rates.

  9. List of reporting marks: W - Wikipedia

    en.wikipedia.org/wiki/List_of_reporting_marks:_W

    WCDX - Far-Mar-Co, Inc. WCE - West Coast Express. WCHX - Walter Haffner Company. WCRC - Washington Central Railroad. WCRX - United Grain Corporation. WCTR - WCTU Railway. WCTX - West Central Cooperative. WDRR - White Deer and Reading Railroad. WDTX - Washington State Department of Transportation.