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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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...
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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...
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