While filing income tax can be difficult for expats, we have good news. Extensions are available for your foreign tax return, and some are even automated! As an American, you're...
Posted by Dennis Jao on 04/17/2021
The IRS has issued guidelines on the denial and revocation of passports due to serious tax violations. The IRS must notify the State Department when a person has a "serious"...
Posted by Carmen Garcia on 04/09/2021
All US citizens with foreign accounts need to worry about the tax implications. Uncle Sam does not treat all funds held in a foreign bank account the same way as a domestic bank account....
Posted by KLSM CPA Firm PLLC on 03/31/2021
Following the highly successful offshore voluntary disclosure program's closure at the end of 2018, the IRS updated its previous voluntary disclosure program. In April 2020, it...
Posted by UNIVERSAL ACCOUNTING & FINANCIAL SERVICES INC. on 03/01/2021
An IRS relief procedure for certain former citizens was introduced in September 2019 to allow certain Americans to renounce their U.S. citizenship without paying taxes and fines.The...
Posted by Elliot Kravitz, ATP on 02/28/2021
Regardless of your level of insight into taxes as an individual or a business, you must understand the concepts of FATCA and FBAR and their differences because to understand and utilize...
Posted by Taxes Made EZ Inc on 01/19/2021
The Internal Revenue Services, IRS has shown interest in U.S taxpayers who have accounts in Liechtenstein, Cayman and other countries around the world. According to the IRS, U.S citizens...
Posted by BEST FINANCIAL GROUP LTD on 10/28/2020
We live in a globalized world, which means that more U.S. alien residents and citizens are taking their money overseas for banking and investment purposes. While owning a foreign account...
Posted by Daniel P Vigilante CPA and Profit Consultants on 09/28/2020
Posted by OneSource Business Center on 06/13/2016
