American expatriates, recent immigrants, and wealthy individuals make up a diverse cross-section of the American population. However, there is at least one thing that each of these groups has in common. That is, an individual belonging to any of these groups are far...
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...
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...
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...
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...
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...