Before quickly answering no, consider the following requirements and penalties. The dollar penalties for not reporting are very significant and can go as far as being criminal. The following items are not meant to be all inclusive. The first item is the Form TD F 90-22.1 “Report of Foreign Bank and Financial Accounts”. This form is used to report a financial interest in … [Read more...] about Do you have foreign asset disclosure requirements?
U.S. Department of the Treasury
A year ago, Ed Brown said Nevada’s business financing picture in 2010 was the worst he’d seen in his 35 years of administering small business loans for the U.S. Small Business Administration (SBA), describing it as “a bad time” and “depressing.” Minimal loans of any kind were being made. Funds were being pieced together from various sources. Some groups had no money to … [Read more...] about Financing: It’s a Jungle Out There