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If you are a U.S. taxpayer with financial interest in or signature authority over foreign accounts, you may be required to comply with FBAR filing requirements. The Foreign Bank Account Report (FBAR) is a crucial compliance form filed with the Financial Crimes Enforcement Network (FinCEN), separate from your tax return, and failing to meet these… Read more: Do You Need to File an FBAR? Understanding FBAR Filing Requirements

As a small business owner, every dollar matters — especially during tax season. While you’re likely aware of major deductions like rent and payroll, there are several overlooked expenses that could reduce your tax bill. Here are five commonly missed deductions you should know about. 1. Home Office Deduction If you use a part of… Read more: 5 Tax Deductions Small Business Owners Often Overlook