santa rosa cpa

Fly Fishing & Accounting

Recently Linkenheimer LLP took all of its employees to the beautiful Clearwater Lodge in Fall River Mills, CA for two days of fly fishing. When it was announced to the staff that we would be taking this trip, the overall response was “Fly fishing??” (Yes) and, “How many hours does it take to drive there?” (5+). To say there was skepticism would be an accurate statement, but the lodge looked beautiful, the menu appetizing, and no agenda other than learning to fly fish, all made for an intriguing idea for a trip. So we met up early one Thursday morning, had previously been assigned drivers and riders and off we went. 

One of the hall marks of Linkenheimer and its partners and staff is the longevity of everyone who works here, and the close relationships developed over this extended time, so it goes without saying that we know each other pretty well. When placed in a new environment, doing something completely new, you find new-found interests, commonalities and life experiences; not to mention the hilarity of seeing a circle of accountants practicing fly fishing techniques on the lawn of the lodge. The next morning we were up, suited with waders, boots […]

By |September 12th, 2013|accounting, CPA, cpa firm, firm, fly fishing, Santa Rosa, santa rosa cpa|0 Comments

TDF 90-22.1 Filing: Report of Foreign Bank and Financial Accounts

If you have any foreign bank or financial accounts, the following info is worth a quick read.
Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (the “FBAR”), is used to report a financial interest in or signature authority over a foreign financial account. The FBAR must be received by the Department of the Treasury on or before June 30th of the year immediately following the calendar year being reported. The June 30th filing date may not be extended.
Who Must File an FBAR. A United States person that has a financial interest in or signature authority over foreign financial accounts must file an FBAR if the aggregate value of the foreign financial accounts exceeds $10,000 at any time during the calendar year. Please contact your CPA is you have any additional questions. 

In addition, when filing a Form 90-22.1, you may also be required to file a Form 8938 (Statement of Specified Foreign Financial Assets). To see the requirements and instructions for filing, click here.