02/04/2016
Beware the sledgehammer used to crack the nut. In this case, the nut is the U.S. government’s laudable goal of catching tax evaders. The sledgehammer is the overreaching effect of legislation that is alienating other countries and resulting in millions of U.S. citizens abroad being forced to either painfully reconsider their nationality, or face a […]
02/04/2016
A California businessman has pleaded guilty to concealing a foreign bank account at an Israeli bank on his 2007 tax return. Moshe Handelsman of Saratoga, Calif., pleaded guilty Wednesday to filing a false tax return for tax year 2007. According to the plea agreement, between approximately 1993 and 2000, Handelsman, a U.S. citizen, used three […]
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 … “ […]