Category: Foreign Bank Account Reporting (FBAR – FinCen Form 114)
FBAR Form – Reporting of Foreign Bank and Financial Accounts
Nov 30, 2014
If you have a financial interest in or signature authority over a foreign financial account, including a bank account, brokerage account, mutual fund, trust, or other type of foreign financial account, exceeding certain…
FATCA Reporting and Form 8966 – What You Need to Know As A U.S. Taxpayer
May 21, 2014
FATCA Reporting On Form 8966 Recently, the IRS released a draft form of the new Form 8966, FATCA Report. Under the FATCA regulations, the Form 8966 will be used by participating foreign financial…
Helpful Streamlined Filing Compliance Procedures That Will Make You Prepared
May 15, 2014
Have You Resided Outside of the U.S. Since January 1, 2009? – The Streamlined Filing Compliance Procedures Might Help You IRS voluntary disclosure programs are part of a wider effort by the IRS…
What Should You Do If You Have Unfiled FBAR Forms?
Dec 27, 2013
As a taxpayer with unfiled FBAR reports (the FinCEN Form 114, formerly known as the TD F 90-22.1), once you learn about the filing obligations and the penalties for noncompliance, the next question…
FATCA–Raised Overseas And Overtaxed By The U.S.
Dec 23, 2013
Born In The U.S., Living Overseas Daniel was born in the United States and he and his parents moved to the United Kingdom shortly after he was born. With the exception of occasional…
US Expatriates – Taxation And Other Considerations For Overseas Jobs
Nov 02, 2013
Working overseas is rich with many opportunities – exploring new cultures, learning a new language and more. While financial aspects may be boring to most, understanding the tax environment for US expatriates is…