Silver Star Accounting Services

To all Hamid’s clients: Please be informed that I won’t be in office tomorrow Wednesday 3/11. Feel free to drop off your documents or email it to [email protected] and I will get back to you ASAP. Thank you.To all Hamid’s clients: Please be informed that I won’t be in office tomorrow Wednesday 3/11. Feel free to drop off your documents or email it to [email protected] and I will get back to you ASAP. Thank you.

REPORT OF FOREIGN BANK AND FINANCIAL ACCOUNT. (FBAR) MANY PEOPLE IN OUR COMMUNITY ARE CONFUSED WITH THIS REPORTING. YOU SHOULD NOT BE SCARED.... ANY US CITIZEN OR GREEN HOLD WHO HAS A FOREIGN BANK OR FINANCIAL ACCOUNT WITH FUNDS OF $10,000. OR MORE IN ANY DAY DURING A CALENDAR YEAR HAS TO FILE (FBAR) BEFORE APRIL 15TH OR YOU CAN FILE AN EXTENSION OF AUTOMATIC 6 MONTHS. WHEN YOU REPORT YOU DON'T NEED TO PAY ANY TAXES. JUST CALLED REPORT INFORMATION FILING. I HAVE HEARD SOME PEOPLE THEY OWN THEIR PRIMARY RESIDENCES OVERSEAS HAVE TO FILE THIS REPORT. THE ANSWER IS NO. YOU DON'T NEED TO REPORT THAT. IF YOU HAVE ANY FINANCIAL INTEREST IN A FOREIGN BANK LESS THAN $10,000. YOU DON'T NEED TO REPORT ANYTHING. CITIZENS HOLD FOREIGN BANK ACCOUNT OF $50,000 AS A SINGLE OR MARRIED FILING SEPARATELY. AND $100,000 IF MARRIED FILING JOINT THEY MUST FILE A FORM WITH THEIR TAXES. I HOPE I HAVE CLARIFIED THIS CONFUSION. HAMID KECHAR, ENROLLED AGENT