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Foreign Accounts Tax Compliance Act (FATCA)

Foreign Accounts Tax Compliance Act (FATCA) In 2009, Swiss banks reported earnings to all American Citizens with offshore accounts.  As a result, UBS paid $780 million to the Internal Revenue Service.  Since then, more international banks have provided income information about American Citizens and Green Card Holders with foreign accounts to the IRS than ever…

Storing Tax Related Documents

Storing Tax Related Documents

Keeping your tax-related documents is extremely important in the digital age. If you are storing your tax documentation on a computer, be sure that the computer itself is protected. Use lengthy and unique passwords and restrict access to only those necessary. We recommend changing your passwords frequently for maximum security. Additionally, consider keeping the information…

Why It’s Easy to Feel Confused About Expatriate Taxes

Confusion. It’s a feeling we’ve all experienced from time to time and no one likes feeling that way. When it comes to taxes, just about everyone feels confused and that is even more the case when it comes to Expatriate Taxes. For example, tax terms like the the FBAR (Report of Foreign Bank and Financial…

2021 Tax Returns: File and Avoid These Mistakes

  Don’t miss the deadline! People who have not filed their 2021 tax return have a limited time to complete filing. The extension deadline is October 17, 2022. Learn about the best way to file and how to avoid common mistakes when filing under an extension with Expatriate Tax Returns. The best way to file…

Expat tips on how to save money

5 Tax Tips When Moving Abroad

Each state has their own policy for abroad taxation. Some U.S. states do not tax overseas (Florida, Nevada, Washington), while other states require tax filing while overseas (South Carolina, California, Virginia). Stay up to date on how your state handles expat taxes and adjust your plan accordingly. Want to learn more? Contact Expatriate Tax Returns. …