Category: FATCA for Expats
ITIN – Important Facts Expats Need To Know About The Individual Taxpayer Identification Number
Oct 04, 2024
About The ITIN – Individual Taxpayer Identification Number If you earn money in the United States, whether you are a resident or immigrant (non-resident), documented or undocumented, you will have to file taxes.…
How to Complete W-9 Form for Independent Contractors and Freelancers
Sep 30, 2024
What is a W-9 Form? The IRS Form W-9, or “Request for Taxpayer Identification Number and Certification,” is used by U.S. taxpayers to provide their correct Taxpayer Identification Number (TIN) to the person…
International Tax Information Exchange – A Guide for Expats
Sep 19, 2024
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…
FATCA Filing – A Guide for Reporting Foreign Assets for Expats
Aug 16, 2024
If your foreign financial assets total exceeds the reporting threshold based on your filing status and whether you live in or outside of the U.S., FATCA reporting requirements will apply. This means that…
Form 8938 and Form 8621: Revealing 4 Key Differences Expats Need to Know to Avoid Mistakes in Filing
Apr 19, 2022
Filing taxes as an American living abroad can be confusing and challenging. Knowing the correct forms to use and how to fill them out correctly is as crucial as learning how to file…
Here’s How the IRS Actually Finds Out If Expats Are Tax Compliant
Feb 15, 2022
With the tax gap widening, the IRS has implemented different tactics for this massive undertaking to crackdown on taxpayers who habitually find a way to cheat the system. Let us examine the tax…
Form 8938: What This Is And How To File For 2024
Jan 04, 2022
Form 8938 is part of the Foreign Account Tax Compliance Act or FATCA. It is a form that discloses accounts and assets held in other countries outside of the United States. If you…
7 Answers to FAQs About IRS Form 8938 — Valuable Info Expats Need To know
Jan 03, 2022
The IRS Form 8938 is one of the most important forms you must complete as an expat. If you're unsure what IRS Form 8938 is or how to file it, don't worry; this…
How To Report Foreign Financial Assets | Better Avoid Risky Penalties
Oct 08, 2021
Overview Of Foreign Financial Asset Reporting Section 6038D of the Internal Revenue Code (IRC) requires any individual with interest in a specified foreign financial asset during the tax year to attach Form 8938,…
Common Tax Mistakes U.S. Expats Should Avoid
Mar 09, 2021
Taxes can be confusing, but you still need to file them even if you live abroad. Here are the most common tax mistakes U.S. expats make and how to avoid them.