Employment Tax: Yet Another Opportunity to Come Clean –

Employment Tax: Yet Another Opportunity to Come Clean - Whether a worker is performing services as an employee or as an independent contractor depends on the facts and circumstances.  This determination may be difficult for many companies and may lead to significant exposure.  In order to facilitate voluntary resolution of  potential worker classification issues and … Continue reading Employment Tax: Yet Another Opportunity to Come Clean –

What is Form 8938 and How is it Different From an FBAR?

By Sebastien Chain and Tamara Woods For tax year 2011, individual taxpayers with certain specified foreign financial assets found themselves subject to a new reporting requirement, Form 8938, Statement of Specified Foreign Financial Assets. Form 8938 is required if a taxpayer has a specified foreign financial asset in excess of various thresholds.  See Form 8938 – Foreign Reporting … Continue reading What is Form 8938 and How is it Different From an FBAR?