Category: FATCA for Expats
Why Filing Taxes Is So Complicated for U.S. Expats
Mar 09, 2021
As an American citizen living and working abroad, the complicated task of filing taxes can be on a whole 'nother level.
What Is FATCA? Practical Info Expats Need To Know
Feb 27, 2021
What is FATCA? The Foreign Account Tax Compliance Act, or FATCA, is a law that was enacted in March 2010. The purpose of this act is to prevent tax evasion involving offshore accounts.…
Court Authorizes Service of John Doe Summons Seeking the Identities of U.S. Taxpayers Who Have Used Debit Cards in Furtherance of Tax Evasion
Jan 29, 2017
Today a federal court in Montana unsealed an order authorizing the Internal Revenue Service (IRS) to serve a John Doe summons on Michael Behr of Bozeman, Montana, seeking information about U.S. taxpayers who…
Merrill Lynch Closing Brokerage Accounts for US Expats – Important Info Expats Need To Know
Dec 27, 2016
Merrill Lynch has recently been sending letters to many of their US citizen clients living outside the USA saying that their accounts will be closed as of a certain date in the very…
The Truth About Hiding Offshore Income for Expats
Mar 23, 2016
Avoiding Taxes With Offshore Income The IRS has stated that avoiding taxes by hiding Offshore Income or overseas assets in unreported offshore accounts remains on its annual list of tax scams known as…
Cayman Island Offshore Accounts – Why Expats Need To Be In Full Compliance Now
Mar 13, 2016
Two Cayman Island Financial Institutions Plead Guilty in Manhattan Federal Court to Conspiring to Hide More Than $130 Million in Cayman Island Offshore Accounts U.S. Attorney Preet Bharara for the Southern District of…
IRS Form 8938 – Practical Info Expats Need To Know
Jan 04, 2016
IRS Form 8938 – Purpose Of The Form The IRS Form 8938, Statement of Specified Foreign Financial Assets is used to report your specified foreign financial assets if the total value of all…