The Various Stages of FATCA compliance across 72 countries
The Various Stages of FATCA compliance across 72 countries Read More »
A few months back, I got a panicky email from my aunt, who lives in the US. She was told that she might be in trouble because of her bank accounts on Trinidad’s sunny island, which she and my uncle had not previously declared to the IRS. I immediately arranged a Skype call with her
Declaring your Caribbean bank accounts Read More »
Rumors were rife for the past few months that there would be changes. Especially with FATCA kicking in on July 1st, and issues with the existing amnesty programs widely known, changes would be a logical step. To fan the flames, the Commissioner made some leading remarks earlier this month that hinted that changes were imminent.
Changes to the IRS Disclosure Programs Read More »
The Right to Be Informed – Taxpayers have the right to know what they need to do to comply with the tax laws. They are entitled to clear explanations of the laws and IRS procedures in all tax forms, instructions, publications, notices, and correspondence. They have the right to be informed of IRS decisions about
Taxpayer Bill of Rights Read More »
Generally speaking, U.S. taxpayers who live abroad qualify for an automatic two-month extension to file (not pay) their 2013 federal income tax returns. That means that those returns are due in just a few days, on Monday, June 16, 2014 (there’s an extra day to file since June 15 falls on a Sunday). Note that
Chasing the June 16th Tax Deadline Read More »