Form W-9 for US Expats
If you are a U.S. citizen living abroad, the chances are that you’ve been asked by your foreign bank to sign a Form W-9, Request for Taxpayer Identification Number and Certification.
Read MoreFATCA
FATCA and Form 8938: how foreign financial assets are reported to the IRS and how foreign banks share account information.
US Expats in Mexico – 5 Key Tax Principles
Largely due to its contiguity with the United States, Mexico continues to be the most popular destination in the world for US expats. According to a US State Department estimate, approximately 1.5…
Read MoreFATCA and Your Non-US Bank Account Information
In recent guidance to its own program managers, the IRS stated that it has the authority to request information on non-US accounts held by US citizens and residents from non-US banks in accordance…
Read MoreIRS Exchange Rates
U.S. expats face a number of challenges when trying to accurately file a U.S. income tax return with the IRS, some of which are due to the differences in economic realities in the United States and…
Read MoreThe Definitive List of Top Forms for the IRS
The first rule of expat tax basics is that moving abroad does not mean the end of IRS tax filing obligations for a U.S. citizen.
Read MoreAccidental Americans Claiming Discrimination
As reported by Reuters, a group of American citizens living in France filed a class-action lawsuit this past week against local financial institutions, alleging discrimination due to their U.S.…
Read MoreIRS Adds New International Tax Compliance Issues to Its Audit List
Previously, we’ve blogged about the IRS’s selection of a group of international tax compliance issues that became part of its issue-focused audit strategy. The IRS has since added more international…
Read MoreFATCA Is Here to Stay
One of the key pieces of legislation used by the U.S. government in its effort to combat tax evasion abroad is the Foreign Account Tax Compliance Act (FATCA). To the surprise of many, FATCA remained…
Read MoreFATCA Still a Work in Progress
In a recent blog, we reviewed a judicial decision that derailed efforts by opponents of the Foreign Account Tax Compliance Act (FATCA), including Republican Senator Rand Paul, to challenge the FATCA…
Read MoreIRS Proactively Crackdown on Offshore Tax Evasion
With the recent heavy focus on Congress and the Trump’s administration’s tax reform proposals, it can be easy to forget that the IRS continues to proactively crackdown on offshore tax evasion.
Read MoreRecord Amount of Citizenship Renunciations
The numbers are in from the Treasury Department, and 2016 easily broke the record for U.S. citizenship renunciations. 2016 saw a total of 5,411 renunciations, well above 2015’s previous record of…
Read MoreTax Changes Coming in 2017: What U.S. Expats Need to Know
While the past year did not produce any monumental changes to U.S. tax law, there are a number of noteworthy changes that expats should keep in mind as we enter 2017. We also share a few highlights…
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