Blog
Implementation of IRS Passport Cancellation for Unpaid Tax Debts Nears
The IRS and Department of Justice have adopted an array of tactics in their ongoing efforts to combat offshore tax fraud. The U.S. Congress has authorized a number of additional reporting requirements under FBAR and FATCA. Under these laws, all U.S. taxpayers are...Expats Beware of These 3 International Tax Traps When Filing a Tax Return
In recent years, it seems that the trend is for the tax obligations of expatriates to become increasingly complex each tax year. In the late 2000s, the Report of Foreign Bank Account (FBAR) obligation was enforced for the first time in the modern era. However, this...IRS Announces 2017 Tax Filing Season Starts January 23rd, But Your Tax Refund May Be Late
As the winter holidays and New Year approach, taxes are likely the furthest item from your mind. However, regardless of whether you live in the United States or abroad as an expat, it is important to begin thinking about taxes and engaging in tax planning. Compared to...With Which Foreign Countries Does the United States Share Tax Information?
For American expatriates, tax residents, and other taxpayers with ties to foreign nations holding assets in foreign accounts can be particularly useful and convenient. However, in relatively recent years, the process and procedures one must follow to maintain...IRS Interest in Bitcoin and Coinbase May Mean Big Tax Trouble for U.S. Expats and Others
In recent years virtual, electronic currency has exploded onto the scene. Many people have been captivated by the technology for a number of reasons including the fact that Bitcoin and similar virtual currencies are the first modern currency to operate outside of the...