What are Property Taxes Basics for US taxpayers?

Real estate or property tax is one of the categories of taxes assessed by the government. We might not like taxes, and might not always agree with how they are spent, but we understand that they are an inherent part of our system of government. Without taxes, our country will...
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Canada FATCA and American Expats living Abroad

February 5, 2014 is a significant milestone in the FATCA development. FATCA stands for the Foreign Account Tax Compliance Act. We provided an extensive coverage of FATCA news affecting American expats living abroad. FATCA discussions have created a lot of controversy in Canada. Moreover, many US-Canadian taxpayers anticipated that Canada...
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Swiss Banks and Disclosure Program of US accounts?

American expats living abroad with undisclosed foreign financial accounts must be aware that the IRS has been using a wide range of sources to find noncompliant US taxpayers. Many American expatriates read about the FBAR and FATCA. Earlier we wrote an article about Foreign Account Bank Reporting and Foreign Account...
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Italy FATCA Overview – Foreign Account Tax Compliance Act

Italy is the latest country to join the FATCA club. On January 10, 2014 the United States of America and Italy signed an intergovernmental agreement under the Foreign Account Compliance Act at the headquarters of Italy’s Ministry of Economy and Finance in Rome. Earlier we provided an extensive coverage of...
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