2014 Expat Tax Guide for American Expats

2014 tax filing season will officially start on January 31, 2014. American expats are advised to review expat tax filing deadlines in 2014 to avoid any penalties or interest. 2013 tax law changes have a significant effect on filing US expat taxes in 2014. 2014 expat tax guide for American...
Read more

Expat Tax Filing Deadlines in 2014

2014 tax season is around the corner. American expats living and working abroad have to file US expatriate tax returns and to report their foreign financial accounts on FBARs every year if they meet the expat tax requirements. The IRS has issued a list of US tax filing deadlines. US...
Read more

Foreign Nationals and Gambling Winnings Tax

Las Vegas is one of the favorite destinations of foreign nationals visiting the USA. If the luck strikes, these foreign nationals can win millions of dollars at casinos. Nonresident aliens visit the USA for a short time so most of the time foreign nationals are confident about leaving the USA...
Read more

IRS Penalty Assessment and form 5471 for American Expats

American expats living abroad face an overwhelming complexity of international tax forms. Although, many Americans heard about the foreign earned income exclusion and foreign housing exclusion, most of the time they are not aware of many complex forms. Foreign trust form 3520 and Form 5471 are the one of these...
Read more

Voluntary Disclosure, John Doe Summons and Undisclosed Offshore Accounts

The IRS is counting major victories in finding undisclosed offshore accounts and non-compliant taxpayers. The information is coming from various sources: FATCA, Offshore Voluntary Disclosure Program, whistle-blowers, ISIJ report about offshore banking accounts and “John Doe” Summons. We earlier wrote an article about IRS Voluntary Disclosure Program. The Offshore Voluntary...
Read more