The Foreign Account Tax Compliance ACT also known as FATCA
The IRS has announced that more than $8 billion in previously undeclared taxes has come from FATCA. The list details which overseas financial institutions have agreed to pass personal and financial information about accounts and investments controlled by US taxpayers …
Eligibility for the Streamlined Foreign Offshore Procedures For the most part Taxpayer’s residing outside of the U.S. will have the same requirement as those residents in the U.S. However, there are certain differences. Taxpayers must meet the applicable non-residency requirements; …
U.S. Taxpayers residing outside the United States and the Streamlined Procedures Read more »
In the video below, United States Tax Attorney, Richard S. Lehman explains the new I.R.S. Streamlined Filing Compliance Procedures. This is an extremely important and valuable I.R.S. Program. It allows almost every American who has been afraid to step forward and …
While you were sleeping the I.R.S. has gone global. Wake-up America
This information is intended to provide the foreign investor with a basic introduction to the tax laws of the United States as they apply to that foreign investor. I hope this raises your interest as an investor or immigrant to the United States.
We are having success in getting penalties eliminated or reduced. I want to make you aware of the best guidance that one can get regarding the new IRS open-ended Amnesty program. These questions from the IRS deal with the Amnesty …
New U.S. tax laws require strict reporting of foreign assets and establish a new program granting Amnesty from criminal tax prosecution for offshore delinquent taxpayers. The United States has finally caught up with the Global world when it comes to taxation. Three new laws are now in place to insure, as much as possible, that individual Americans and resident aliens will pay tax on their worldwide income.
Americans now required to disclose all foreign financial assets Background A little known new law was enacted for the year 2011 that requires, that once certain minimum amounts are exceeded, any specified person that holds any interest in a specified …