A quarterly magazine from the National Association of Enrolled Agents
Spring 2025 vol.43 no.1
Staying Afloat in the Rising Tide of Foreign Bank Account Reporting
Feature Article

Staying Afloat in the Rising Tide of Foreign Bank Account Reporting

In recent years, the Internal Revenue Service (IRS) has intensified its enforcement efforts targeting noncompliance with foreign bank account reporting (FBAR)i requirements. This heightened focus has resulted in a significant increase in the ... Chelsea Rustek, EA

Spring 2025, Feature Article, Financial Crimes Enforcement Network, FinCEN, Foreign Account Tax Compliance Act, FATCA, Form 1040, PATRIOT Act, Bank Secrecy Act, Foreign Bank Account Reporting, FinCEN Form 114, Schedule B, IRS Publication 5569, BSA E-Filing System
Anti-Money Laundering: A Primer
Feature Article

Anti-Money Laundering: A Primer

The Problem Despite the prevalence of credit and debit cards, Cash App, and Venmo, cash still is, in many circles, king (or queen). As of November 11, 2020, there was US$2.01 trillion in circulation.Ellie Nava-Jones, EA

Mar/Apr 2021, Feature Article, immigrants, marijuana, FBAR, FinCEN, Form W-2, Colorado, cash-intensive business, Form 1099, AML, anti-money laundering, Financial Bank Account Reporting, PATRIOT Act, Form 8300, Bank Secrecy Act, CTR, SAR, BSA, Form 112, Form W-3, Schedule 1, Washington, TIN