Mar 23, 2018 | FBAR and FATCA
It is essential as a US expat that you understand The Foreign Account Tax Compliance Act, commonly known as the FATCA. It’s an ongoing effort of the US government to combat offshore tax evasion. This law has filing requirements that affect American expats of all...
Mar 16, 2018 | FBAR and FATCA
What is FBAR filing and who needs to report it? You may have heard of FBAR filing yet still have a vague understanding if it’s something you need to do. FBAR means Foreign Bank Account Report and it refers to FinCEN Form 114, Report of Foreign Bank and Financial...
Jul 23, 2017 | FBAR and FATCA
Since the introduction of FATCA in 2010, it’s been a game-changing law for all U.S. persons abroad. Find out what FATCA is about, why you need to file it and what happens if you fail to do so in our weekly infographics. For 5 years our tax experts have helped...
Jul 11, 2017 | FBAR and FATCA
Many U.S. expats forget or get confused about FBAR requirement. But it’s important to understand that failure to file the FBAR will lead to penalties and attention of the IRS. We have gathered 10 important facts, which you need to know about FBAR reporting. Our...
Jan 15, 2016 | FBAR and FATCA
New rules on financial reporting from the FACTA will affect U.S. expats. FBAR apply to all U.S. tax payers with a foreign account amounting over $10,000. If you’re an expat who hasn’t been filing returns and FBARs, this could affect you. Find out what the rules...
Oct 21, 2015 | FBAR and FATCA
Hello, In a sign of the United States again thinking it can apply its laws in foreign countries, it passed the FATCA law. It became effective on March 18, 2010. The threat to US persons living in Canada grew as the Canadian government signed an Inter-Governmental...
