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Archive by Year:2023

What are the 2023 FBAR Cryptocurrency Reporting Rules?

Offshore Account Update

Posted on January 31, 2023

Now that we’re well into 2023, Tax Day is right around the corner. For cryptocurrency investors and businesses that accept Bitcoin and other cryptocurrencies as a form of payment, this means that it is time to figure out how much gain and loss they realized on their transactions throughout 2022. But does it also mean they need to prepare to file an FBAR with their annual returns?Read More

IRS CI Continues To Target PPP Loan Fraud in 2023

Articles/News, Offshore Account Update

Posted on January 20, 2023

While it has been more than a year and a half since the Paycheck Protection Program (PPP) ended, the program is still making headlines. The PPP initially made headlines due to the unprecedented pace of its rollout and its positive impacts on the country’s struggling economy at the height of the COVID-19 pandemic. But, in 2023 it is making headlines for an entirely different reason.Read More

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