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international tax information exchange guide for expats

International Tax Information Exchange – A Guide for Expats

Tax information exchange involves sharing financial data between countries under treaties or bilateral agreements.  It plays a critical role in the global effort to enhance tax transparency and combat tax evasion. Through various bilateral agreements and the implementation of systems like the International Data Exchange Service (IDES), tax authorities worldwide, including the IRS, now exchange…

Delinquent FBAR Submission for Expats

4 Options for Delinquent FBAR Submission for Expats

The Report of Foreign Bank and Financial Accounts (FBAR) is a Treasury information form separate from your annual IRS income tax return. It requires U.S. persons, including expats, to report their involvement with foreign financial institutions (FFIs). The Bank Secrecy Act of 1970 mandates this filing for anyone with financial interests in or authority over…

Unreported Offshore Accounts
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Unreported Offshore Accounts – Advice To Get Compliant

Hiding Money or Income Offshore Among the “Dirty Dozen” List of Tax Scams for the 2015 Filing Season The Internal Revenue Service recently announced on January 28, 2015 that avoiding taxes by hiding money or assets in unreported offshore accounts remains on its annual list of tax scams known as the “Dirty Dozen” for the…

Taxes For Expats

Taxes For Expats – How To Never Make Expensive Mistakes

Taxes For Expats At Tax Samaritan, we are a highly specialized team of Enrolled Agents (EA) that provide U.S. taxes for expats securely with the convenience and quality interaction that you expect from a local professional. If this is your first time abroad, the concept of taxes for expats may have not ever crossed your…

FBAR Disclosure

FBAR Disclosure | This Is How To File The Right Way

FBAR Disclosure – Disclosing Your Foreign Accounts An FBAR disclosure of your foreign accounts is part of your civic responsibility. As a US citizen or permanent resident, you are expected to report all your worldwide income and the name, country location, and maximum balance of any offshore financial account holdings every year if the holdings…