Richard Jacobson

Richard Jacobson

Buchanan Ingersoll & Rooney PC

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Large Increase in Fee to Renounce Citizenship

Beginning September 6, 2014, the U.S Department of State fee to renounce U.S. citizenship increased fivefold—from $450 to $2,350. The increase, intended to discourage dual citizens from renouncing U.S. citizenship, comes...more

9/16/2014 - Citizenship Department of State Fees

Deadline: Foreign Bank Account Reports Due June 30, 2014

Any U.S. person who has a financial interest in or signature authority over one or more foreign financial accounts with an aggregate value over $10,000 (on any day of the year) must report the accounts to the Treasury...more

5/2/2014 - FBAR FinCEN Offshore Banks Offshore Funds Reporting Requirements U.S. Treasury

Deadline: Foreign Bank Account Reports Due June 30, 2013

Any U.S. person who has a financial interest in or signature authority over one or more foreign financial accounts with an aggregate value over $10,000 (on any day of the year) must report the accounts to the Treasury...more

6/11/2013 - Electronic Filing Foreign Bank Accounts Foreign Banks U.S. Treasury

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