by Antonio Rodriguez | Dec 12, 2015 | FBAR, IRS - Internal Revenue Service, US Tax Return 1040 / 1040NR
The FBAR form filing date will be aligned with annual income tax filing deadline of April 15 starting in tax year 2016. On July 31, 2015, President Obama signed a three-month highway funding extension bill called “The Surface Transportation and Veterans Health Care...
by Antonio Rodriguez | Apr 18, 2015 | FATCA, IRS - Internal Revenue Service
Why Americans Should Never, Ever Own Shares in a Non-US Mutual Fund If you are a U.S. citizen or a U.S. permanent resident who has been living and working outside the U.S. and investing your savings through a non-US financial institution, you need to learn what a...
by Antonio Rodriguez | Apr 11, 2015 | FATCA, FBAR, IRS - Internal Revenue Service, US Tax Return 1040 / 1040NR
WASHINGTON — The Internal Revenue Service today reminded U.S. citizens and resident aliens, including those with dual citizenship who have lived or worked abroad during all or part of 2014, that they may have a U.S. tax liability and a filing requirement in 2015....
by Antonio Rodriguez | Feb 12, 2015 | IRS - Internal Revenue Service, US Tax Return 1040 / 1040NR
Everyone knows the infamous April 15th deadline for US calendar year taxpayers. Failure to pay and file by this deadline can result in filing and payment penalties. But if you are a US citizen or resident alien that resides in a foreign country on the April 15th due...
by Antonio Rodriguez | Jan 18, 2015 | FATCA, FBAR, IRS - Internal Revenue Service
If you are one of the millions of expat Americans filing taxes in 2015, expect more complications, given two announcements recently made by the IRS. The Foreign Account Tax Compliance Act has gone live with its International Data Exchange Service sending its first...
by Antonio Rodriguez | Dec 22, 2014 | IRS - Internal Revenue Service
If you renounce your US Citizenship you must face the “Exit tax”, It is probably one of the most misunderstood U.S. tax on individuals—the “Exit Tax” Americans have to pay when they give up their U.S. citizenship. In the past, the U.S. Exit Tax was imposed on an...
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