There are many questions on the FBAR specifics, such that what financial accounts we need to report. IRS literatures are not easy reads. Here is a quick list reference. FBAR: Financial Bank Account Reporting Forms: TD FR 90-22.1; file annually Due Date: June 30 of following year 2009 Amnesty Program One time program for ...
Problem with real estate investment is that it drains your cash regularly as in maintenance expenses, property management fees, mortgage interest, insurance and a property tax. Property tax is usually one of the big ticket items. Game strategies A few things I picked up from my favorite video game “Build-a-lot”, a real estate investment simulation, include ...
I am not very much into computer games, but I am told that creativity comes when you keep an open mind and try new things out of comfort zones. So, I started playing a computer game named Build-a-lot. Wealth building It is a real estate strategy game. I am usually given with little money at ...
Having a Swiss bank account is not so much fun these days. IRS got a firm grip on this matter, and that started when the Swiss bank giant UBS gave in. The weakest link UBS AG is one of the Switzerland’s largest bank. It provides financial services to the wealthy people around the world. ...
IRS surely has done a good job rocking the boat. For many Americans living overseas or foreign people living in the U.S, the news about FBAR got themselves a solid issue to worry about. File or no file? It hasn’t been much an issue before because it isn’t a common knowledge, so there must ...
Just got off phone with my credit card company about a questionable bank fee. The lady manager was tougher than usual and my guard was up. I was surprised that getting waiver on such a small fee would take a little war with a manager level employee. That used to be a job ...