Edwards v. Slocum, 264 U.S. 61 (1924). Enough said.... continue reading
We finally have sane filing deadlines for income tax returns and FBARs (FinCen Form 114). But there is still a trap for the unwary.
Humans file income tax returns by April 15 .1
Humans can get extensions of time to file their income tax returns:
People who file Form 1040NR (as nonresidents of the United States) will sometimes receive a tax refund. Sometimes it is large, sometimes it is small.
The IRS, by default, issues a paper check for refunds.
It will shock you to discover that sometimes paper checks take a long time to reach their overseas destination. Sometimes the paper checks never arrive. Or sometimes it is a big hassle to deposit the U.S. dollar denominated check into a bank account overseas. Or it costs a significant amount in bank fees to get this done.
In short, paper checks are an abomination.
I traded emails earlier this morning with a tax lawyer friend who happens to be in Istanbul right now. This is the view from his balcony. I am deeply jealous.
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The purpose of the list is to increase the number of people who attend the CalCPA International Tax Conference. I am the chair of that conference. We had a great event yesterday in San Francisco — our best yet in terms of quality of presentations. Great attendance, and a great mixer after the event. Free alcohol! Heh.
(Hint: come next year and attend in person, or watch on the web if you cannot).
The list will provide information about upcoming CalCPA events — live events, webcasts, etc.... continue reading