Showing results for tag "reporting requirements"

The New Rules of Offshore Accounts

WSJ |
Deadlines are looming for U.S. taxpayers who live abroad or have other global financial ties. Here are tips on avoiding pitfalls.

Prove You’re Not a Terrorist

Prove You’re Not a Terrorist
Governments hate it when you use cash, as its harder for them to track and control. They have now accelerated the international War on Cash.

More Unofficial Capital Controls: PFIC Rules

More Unofficial Capital Controls: PFIC Rules
It ranks at the very top of potential tax nightmares, especially if you invest internationally.

IRS Revises a Limited-Amnesty Program for Offshore Accounts

WSJ |
The IRS announced changes to one of its limited-amnesty programs for U.S. taxpayers with undeclared offshore accounts.

Travails of an American Tax-Victim Overseas

Andy Sirkis |
An American expat explains the outrageously punitive and discriminatory rules he faces.

Tax Exiles Flee America

FEE |
Entrepreneurs are high-tailing it out of the United States, and it’s the politicians’ fault.

This Could Destroy the Lives of Millions

This Could Destroy the Lives of Millions
Dual American-Canadian citizens are finding themselves in a serious bind due to FATCA, which has been dubbed “the worst law that Americans have never heard of.”

If You Have an Offshore Bank Account, You Need to Know About the New FBAR

If You Have an Offshore Bank Account, You Need to Know About the New FBAR
There have been some changes lately to the FBAR that you need to know about. Namely, starting this year, it must be filed online—paper forms will no longer be accepted.

“Cruel and Unusual” Is the Only Way to Describe It

“Cruel and Unusual” Is the Only Way to Describe It
If throwing an elderly widow in a cage for six years for not properly filling out a government form is not cruel and unusual punishment, then the phrase has no meaning.

Americans Are on a Tight Leash

Americans Are on a Tight Leash
By Nick Giambruno - It is far better to deal with the burdens associated with internationalization than to leave your savings, your income, and yourself in range of a desperate government’s wrecking ball.

Reporting Requirements for Americans with Foreign Financial Accounts

Reporting Requirements for Americans with Foreign Financial Accounts
If you are a US person who has a financial interest or signature authority over foreign bank accounts, securities accounts and/or other financial accounts you probably have to report them to the US government on multiple forms. The penalties for failure to file are onerous.

Reduce Your US Tax Bill With Foreign Tax Credit Carryforwards

Reduce Your US Tax Bill With Foreign Tax Credit Carryforwards
Ryan Losi explains how you can potentially reduce your US tax bill with foreign tax credit carryforwards for up to 10 years.

“Is it possible to minimize and/or defer rental income in an Argentinian property if the funds are r

“Is it possible to minimize and/or defer rental income in an Argentinian property if the funds are r
Question from a US-based IM Member: "Is it possible to minimize and/or defer rental income in an Argentinian property if the funds are retained in a bank or an overseas brokerage account?"

Tax Talk with an International Tax Planner (Part 3)

Tax Talk with an International Tax Planner (Part 3)
Over the past two weeks, we've been talking shop with Ryan Losi, a Virginia based US CPA who specializes in international tax planning. In today's conclusion, we talk about some of the most common mistakes Americans make when heading overseas, as well some thoughts on where the increased regulation and enforcement might ultimately take us.

Talk with an International Tax Planner (Part 2)

Talk with an International Tax Planner (Part 2)
Last week, we started a conversation with Ryan Losi, a Virginia-based tax accountant who specializes in helping American expats manage their financial and reporting requirements back home. Today, we pick up the conversation with some insights into different income tax deferral programs available to Americans living overseas...

Do this before you move your money overseas

Over the past two weeks, we've been speaking with Frank Suess, CEO of the Swiss-based wealth planning and management firm, BFI Capital, as well as the leader of the increasingly popular gold storage program Global Gold. Let's continue...

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