12 Top Tax Tips for Same Sex Couples

The Defense of Marriage Act, also known as the DOMA was overturned by the Supreme Court in June of 2013. As a result of it, equal healthcare and tax rights have been extended to same sex marriages as to opposite sex marriages. This court decision affects not only US taxpayers...
Read more

Ultimate Guide to FBAR FinCEN Form 114

American expats and US persons must be aware that effective October 1, 2013 BSA FinCEN Form 114 must be filed with the Department of Treasury via its BSA E-filing System. FBAR Form 114 is an informational return only and there is no expat tax due with this form. FinCEN Form...
Read more

What do FBAR Form 114 and FATCA have in common?

The IRS and Department of Treasury have undertaken multiple steps lately to enforce the FATCA compliance among the US citizens and green card holders. Most US expats are aware of the FBAR form 114 (Report of Foreign Bank and Financial Accounts). However, the FATCA (Foreign Accounts Tax Compliance Act) that...
Read more