News & Analysis as of September 20, 2024

Foreign Account Tax Compliance Act › Expatriates

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The Foreign Account Tax Compliance Act is a United States federal statute enacted in 2010 as part of the Hiring Incentives to Restore Employment Act (HIRE Act). FATCA aims to improve compliance of U.S. taxpayers... more +

An International Tax Primer for US Taxpayers and Expatriates – Part 1 of 2

Allen Barron, Inc. on 8/24/2023

Welcome to part 1 of our Allen Barron International Tax Primer for US Taxpayers and Expatriates. The United States is one of the few countries in the world that taxes its citizens on their worldwide income. US taxpayers are...more

Breaking Up Is Hard To Do: A Quick Refresher on the U.S. Tax Implications of Expatriating

Bilzin Sumberg on 10/30/2020

Ever since the advent of FATCA and related global tax transparency movements, U.S. individuals living abroad have likely become far too acquainted with the challenges posed by holding U.S. citizenship or residency. Perhaps...more

IRS issues FATCA Relief but not for All

Foodman CPAs & Advisors on 1/17/2020

On September 6, 2019, IRS announced Relief Procedures for Certain Former Citizens. These are procedures for certain persons who have relinquished, or intend to relinquish, their United States citizenship, who wish to come...more

Collection: Expatriation with No Tax, Interest or Penalties: New Relief Procedures for Certain Former Citizens

Rosenberg Martin Greenberg LLP on 1/6/2020

On September 6, 2019, the Internal Revenue Service (IRS) announced the new “Relief Procedures for Certain Former Citizens” (IRS Relief Procedures) who relinquished their United States (U.S.) Citizenship after March 18, 2010....more

Did you know that the IRS has 59 Compliance Campaigns? Have your Audit Plan Ready!

Foodman CPAs & Advisors on 10/11/2019

IRS Large Business and International (IRS LBI) currently has 59 Active Compliance Campaigns. The purpose of the IRS compliance campaign strategy is to redefine large business compliance work and build a supportive...more

New IRS Procedure Provides Favorable Path for Non-Compliant Expatriates to Become Tax Compliant

Holland & Knight LLP on 9/12/2019

In the "Relief Procedures for Certain Former Citizens" and accompanying FAQs, the Internal Revenue Service (IRS) provides a simplified pathway for certain non-compliant U.S. citizens who expatriated after March 18, 2010, to...more

I didn’t know that I was American

Foodman CPAs & Advisors on 6/4/2018

There are Individuals out there that are US Citizens (“Americans”) and they are not aware of it. Under US Tax Law, these individuals have US tax reporting responsibilities and tax obligations. These Individuals are known as...more

No relief in sight for US Expatriates worldwide as Duplicative Reporting Requirements Continue to Burden US Expatriate Taxpayers

Foodman CPAs & Advisors on 3/5/2018

The National Taxpayer Advocate Report for 2017 (Purple Book) is a summary of legislative recommendations that the Office of Taxpayer Advocate (OTA) believes will strengthen taxpayers rights and improve tax administration. ...more

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Foreign Account Tax Compliance Act › Expatriates

An International Tax Primer for US Taxpayers and Expatriates – Part 1 of 2

Breaking Up Is Hard To Do: A Quick Refresher on the U.S. Tax Implications of Expatriating

IRS issues FATCA Relief but not for All

Collection: Expatriation with No Tax, Interest or Penalties: New Relief Procedures for Certain Former Citizens

Did you know that the IRS has 59 Compliance Campaigns? Have your Audit Plan Ready!

New IRS Procedure Provides Favorable Path for Non-Compliant Expatriates to Become Tax Compliant

I didn’t know that I was American

No relief in sight for US Expatriates worldwide as Duplicative Reporting Requirements Continue to Burden US Expatriate Taxpayers

The High Cost of Being Noncompliant with the Internal Revenue Code

If you are an “Expat”, or thinking about “Expatriating”, think about this!

¿Ha recibido una Carta FATCA?

Have You Received a FATCA Letter?

Foreign Account Tax Compliance Act › Expatriates

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