Expat Guide

Friday March 27 Posted by Expat News.

Affordable Care Act- FAQ for Expats and Self-Employed

affordable care act expats self-employed

The Affordable Care Act, or Obamacare as it is called colloquially, is now active in the United States. There are a number of questions about this act that are of concern to expats who wish to know how they will be impacted by it. There is a large number of...

Sunday March 15 Posted by Expat News.

Alimony Payments to Residents and Nonresidents on US tax return

alimony payments to residents and nonresidents tax

As a part of going through a divorce, ex-couples need to work out an agreement to divide the marital assets fairly. Since a major element of marriage is the financial partnership, a divorce should split all assets in half. One step in this process is deciding if alimony payments should...

Tuesday February 17 Posted by Expat News.

You Won’t Believe Who HSBC Is Helping to Hide Offshore Accounts For

For years, HSBC Holdings Plc, the private-banking unit in London, has made substantial profits with accounts that many won’t believe. Sources have reported that arms dealers, drug cartels, fugitive diamond merchants and tax evaders have all hid money with the aid of HSBC. As a result, HSBC along with several...

Thursday February 12 Posted by Expat News.

The IRS Investigates UBS Again

Once again UBS AG, the Swiss bank that was investigated and taken to court by the IRS in 2009, is under investigation. Sources are reporting that the U.S Attorney’s office has evidence bank employees have provided wealthy American expats with tax evasion assistance. Yes, again. IRS investigates UBS in regards...

Thursday January 22 Posted by Expat News.

National Taxpayer Advocate Blames the IRS for FBAR Penalties & OffShore Programs

national taxpayer advocate american expats

Nina Olson, National Taxpayer Advocate, has vocally castigated the IRS in an annual report to Congress. She states in her report that the penalties charged to offshore accounts are unfair. She also states that the IRS treats American expats who have innocently made errors in their tax reporting disparately. She...