02/05/2016
America; land of the free, home of the brave. For years the US has been seen as the land of opportunity, the country where dreams come true. But for how much longer? There are an estimated 7 million Americans living abroad and the number is only increasing — over 150,000 Americans departed the country last […]
02/05/2016
Expat Briefing – Major changes to the Internal Revenue Service’s offshore voluntary compliance program have been welcomed by American Citizens Abroad. The program is offered to overseas American citizens that have not deliberately failed to abide by their tax obligations. ACA said that the changes, effective from July 1, 2014, demonstrate that the IRS has […]
02/05/2016
Recently the FBAR (Foreign Bank Account Report) and FATCA (Foreign Account Tax Compliance Act) filing requirements have generated quite a bit of controversy, as they pertain to the recent IRS crackdown on financial assets in overseas accounts. FATCA in particular has caused some uproar since going into effect in March 2010, as foreign financial institutions […]
02/05/2016
One – Mexican Food The only country on earth that can do Mexican food as well as the US, is… Mexico. And the further away you go, the worse it gets, if you can find it at all. Say goodbye to those huge, delicious burritos, endless tortilla chips, and fresh, fragrant salsas: the nearest things […]
02/05/2016
As they crisscross the globe, IRS rules require expat American pilots to record exactly how long they’re flying over the U.S., foreign countries and international waters. Once they land, the pilots have to track exactly when they’re working, and when they’re off the clock. Here’s why: If they ever face an IRS audit, the pilots […]
02/05/2016
American expats can live incredible lives, and often have incredible stories to tell. Kristen Evelyn Rossi is a jazz singer on a mission to spread the Golden Age of Broadway / Jazz throughout Asia. The following is an excerpt from ‘Falling in Love at the Metropole Hanoi’ in Global Living Magazine. Born on Long Island, […]
02/05/2016
“FATCA was created in part because of the fear of the United States government that the globalization of finance would give far more people the opportunity to hide their money. It was becoming very clear that it wasn’t going to be just the very wealthy, but that it could really be the middle class and […]
02/04/2016
Had enough of filing and paying US income taxes? Have you thought about moving beyond all the hassle and yearly effort just to remain compliant with US taxes and regulations by giving up your US citizenship? The idea, though perhaps well founded, now requires even more careful consideration than ever before. The new and pending Ex-PATRIOT Act […]
02/04/2016
Lane Anderson – It’s a common scene from an American household: Kristy Williams is plying her young son, Thomas, with Oreos and marshmallows to finish his studies. The difference is that Thomas is working with a tutor learning Mandarin Chinese, and the Williamses are living in Hangzhou, China, two hours from Shanghai. Kristy and Joel […]
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 […]