In the last FBAR case of the year, Agrawal, (DC WI 12/9/2019) 124 AFTR 2d ¶2019-5522, a district court held that a U.S. taxpayer, an immigrant from India, was liable for the FBAR penalty and rejected…
Read MoreNew Zealand, sometimes referred to as an “incubation nation,” has attracted a number of American immigrants in recent years, particularly those with adventurous mindsets and a thirst for a friendly…
Read MoreAs taxpayers continue to settle in fully to Trump’s Tax Reform, confusion still remains for some as to how the tax reform will affect their overall tax liability in years moving forward.
Read MoreOne of the main methods that US expats use to reduce and often eliminate the double taxation of their income is the foreign tax credit.
Read MoreThe great thing about participating in an IRS tax amnesty program is that a late-filing U.S. expat can catch up with little to no penalties. The challenge that lies ahead, however, is staying…
Read MoreAccording to recent population studies, the number of US citizens living in Australia has increased to more than 100,000. For US citizens working in Australia, US taxes are clearly an important…
Read MoreFor a number of reasons, it has become more important than ever for expats to file their US taxes from abroad timely and accurately.
Read MoreAccording to more recent population studies, the number of US citizens living in the UK has increased to well over 200,000 individuals. Importantly, each and every one of these citizens has potential…
Read MoreThe recent upsurge in US citizenship renunciations has a number of possible causes. In some cases, the reasons may be political or personal. In other cases, renouncers no longer want to deal with…
Read MoreIf you’re an American living abroad, you may have taken advantage of the automatic 6-month tax filing extension by filing Form 4868 by the original due date of your return. June 17, 2019 was the…
Read MoreGiven the renewed focus of the IRS on international tax compliance issues, it should come as no surprise that FBAR indictments and court cases are becoming increasingly prevalent.
Read MoreThis past Friday, the IRS announced the opening of a brand new amnesty program aimed specifically at tax-delinquent US citizens who relinquished, or intend to relinquish, their U.S. citizenship, and…
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