Form 8891 – an obituary

Form 8891 – an obituary

History Before April 15, 2002, and despite the fact that tax deferral for RRSPs was provided by the US Canada tax treaty of September 26, 1980, RRSPs didn’t have specific forms, hence 3520s and 3520-As were used by the minority of taxpayers wanting to be compliant...

FATCA ‘Tormenting’ Taxpayers, Olson Says

By the time lawmakers and taxpayers have figured out whether the Foreign Account Tax Compliance Act was worth the trouble, it might be too late to undo any damage, National Taxpayer Advocate Nina Olson said October 7. “However much I’ve tried to figure out...

Besides FATCA, how would they find me?

They could find you when you get or renew your US passport, which is required to enter the United States; The way it is supposed to work is that you are mandated to provide your US Social Security Number (SSN) when you apply for a passport. The Department of State...

FATCA & U.S. Expats in Mexico

FATCA is stirring a wave of confusion among U.S. expat communities around the world. As of this article, roughly 110 countries are either on-board with FATCA, or having active discussions with the United States. Mexico has signed FATCA agreement with the U.S. (as...

The importance of earned income

After posting First Year Abroad, I received the following message on Twitter @taxsamurai Perhaps you need to place emphasis that there are other types of income than “earned income” such as foreign pension. — JC Double Taxed (@JCDoubleTaxed) September 29,...
Read our FREE U.S. tax guide for Americans abroad

Read our FREE U.S. tax guide for Americans abroad

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