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Warning: Deadline for FBAR filing just around the corner

The deadline for the Foreign Bank and Financial Account Report (FBAR) is fast approaching. The FBAR, referred to in some financial circles as the “F” word, is the form required by the Internal Revenue Service (IRS) to claim certain foreign…

Can you buy a home after bankruptcy?

There are pros and cons of filing for bankruptcy. There are also many myths that get in the way of making the right decision. One of the top myths is that you cannot purchase a home after bankruptcy. If you…

Refinancing a mortgage after bankruptcy

There are many benefits of bankruptcy. There are also some reasons why you may want to avoid this process for the time being. If you decide to move forward, it’s common to have concerns about your future finances. For example,…

FAQs about IRS crackdown on foreign account holders

The Internal Revenue Service (IRS) is holding foreign financial account holders responsible for not reporting their accounts. Those who need to report accounts are encouraged to do so proactively. A failure to properly report can lead to both civil and…

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