Feb 24, 2020 | FBAR and FATCA, Personal U.S. expat taxes
Regarding the FORM 8938, there have been so many intricacies with respect to income tax return filing and compliance with federal tax laws. Recently, there have been a number of administrative requirements for disclosing local and foreign financial assets. One such...
Oct 4, 2019 | FBAR and FATCA, Personal U.S. expat taxes
You’re living your adventure and you’re settled in your new home. You are having non-US bank accounts, a non-US employer and a non-US social life. You have limited ties with the US. The people who pay you (banks, employer) are not in touch with the IRS. That’s...
Mar 12, 2019 | 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...
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...
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 forget or get confused about FBAR requirements for Americans abroad. 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...
