IRS reminds businesses to update EIN applications

Businesses whose primary contact information has changed may receive a letter from the IRS prompting them to update their applications for Employer Identification Numbers. The IRS requires EIN holders to update responsible party information within 60 days of any change by filing Form 8822-B. One reason for this is so that the IRS has accurate […]

Reminder: Time to file Foreign Bank Account Reports (FBAR)

Those who have accounts in foreign banks must file their Foreign Bank Account Report, or FBAR, by June 30. Any person in the United States is required to file an FBAR if: You had a financial interest in or signature authority over at least one financial account located outside of the United States; and The […]