Sep 6, 2021 | FBAR and FATCA, Personal U.S. expat taxes
Most US expats need to file an FBAR (Foreign Bank Account Report) annually. The FBAR filing obligation is triggered when you have a financial interest in or signature authority over financial foreign assets with a value of $10,000 or more at any point during the year....
Jul 14, 2021 | FBAR and FATCA, Personal U.S. expat taxes
How would you feel if you found your bank account frozen? After all the sweat and the sacrifice, you make after hours of working and putting together all your resources only for the IRS (Internal Revenue Service) to freeze them. Can the IRS freeze your foreign bank...
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...
