Delinquent FBAR Submission Program (DFSP)
If you are a U.S. citizen or resident with an offshore account and have been delinquent in filing the FBAR , a relatively painless solution may be available to you. But before we get to the good…
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Delinquent International Information Return Submission Procedures
The Delinquent International Information Return Submission Procedures are a new alternative to the OVDP & Streamline Program. It is a great way for U.S. expats to catch up on their past tax returns.
Read MoreIRS Announces New “Penalty-Free” Program
On June 18th, the IRS announced significant changes to the current IRS Streamlined program. As many of you may know, since June 2012, delinquent U.S. expats were afforded the opportunity to catch up…
Read MoreUS Expats Filing Deadlines
There is a common misunderstanding among U.S. expats regarding their true filing deadline. Many expats believe that the traditional April 15th deadline is the critical deadline and that, absent…
Read MoreWhat Is FATCA?
In the tax world, some people believe that the Congress added an extra letter to the word FATCA just so people would avoid characterizing it as a foul four letter word. Whether or not this is true…
Read MoreDebunking Common Myths of U.S. Expat Tax Returns
Many U.S. expats are often unaware of the fact that they need to continue to file a U.S. expat tax return even though they live and work outside the U.S. Each week our firm receives several inquiries…
Read More10 U.S. Expat Tax Filing Tips
It’s hard to believe, but once again we’re approaching that infamous time of the year when we all start to think about our U.S. taxes and pull together the energy needed to put this often complicated…
Read MoreExtension Beyond October 15th
For those of you who have placed your federal income tax returns on extension, there’s one week left to file your returns. Obviously, it’s best not to miss the deadline, but what happens if you’re…
Read MoreIRS Quiet Disclosure
In our previous blogs in this series, we discussed the two main ways U.S. expats can address their tax delinquency in the U.S. We discussed using the Streamlined procedure (assuming you qualify) as…
Read MoreOffshore Voluntary Disclosure Program (OVDP)
Before jumping into the nuts and bolts of the OVDP, I think it would be beneficial if we recapped our discussion from our previous blog (Part 1 in our Delinquent Taxpayer series). Therefore, I’ve put…
Read MoreJune 15 Automatic Extension for Expats
For those of us U.S. expats who have been procrastinating our U.S. taxes, it’s important to realize that the generous automatic extension granted to us is about to expire on June 15th. What this…
Read MoreExpats with a Non-Resident Alien Spouse
Under U.S. tax law, there are five different filing statuses to choose from when filing your taxes; Single, Married Filing Jointly (MFJ), Married Filing Separate (MFS), Head of Household (HOH) and…
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