02/04/2016
Suddenly, some expats are waking up in a cold sweat. They have always had to file tax returns and disclose foreign accounts on a form called the FBAR, although in practice many didn’t. But now Fatca means they have to be more rigorous or face huge fines, in the knowledge that the US authorities could […]
02/04/2016
” … What this means to Americans living overseas is that gone are the days of living off the grid. If you’re not up to date with your required US tax filing and FATCA and FBAR reporting, very soon you will most probably be receiving greetings from the United States and the IRS … “ […]
02/04/2016
Press Release FOR IMMEDIATE RELEASE 7 A.M. EDT, April 3, 2012 New U.S. International Data Sharing Agreement Could Mean Big Trouble For Americans Living Abroad International Tax Accounting Firm, Bright!Tax©, CEO to Explain and Offer Straight Forward Solutions, Live, on the Overseas Radio Network New York, NY: What happens to US expatriate tax payers when the IRS […]
02/04/2016
The United States Treasury Department is now actively working with more than 50 nations to share Americans’ personal financial data that will reveal who is tax compliant, including American expats living overseas. The effort is in support of new FATCA (Foreign Account Tax Compliance Act) laws that require foreign financial entities to report Americans’ account […]