Filing back tax returns can be a demanding as well as time-consuming task for many US taxpayers. Moreover, American ex-pats living abroad face even more challenges since many Americans residing overseas have to file the FBAR and other complex overseas tax forms as a part of US expatriate tax returns....
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Late Filing
IRS Investigation of Offshore Banking Accounts
American expatriates with undisclosed offshore banking accounts must be prepared for the latest important developments. What is tax evasion and offshore accounts? This question has a new meaning in the light of the special report published by the International Consortium of Investigative Journalists (ICIJ) on April 4, 2013. The report...
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US Passport Application, Social Security Number and Expat Taxes
The US passport is one of the items that American expats living abroad cannot live without. It is a federal crime in the United States to enter or leave the country using anything other your valid US passport if you are a citizen, even when you have other nationalities. Renewing...
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IRS Tax Lien and American Expatriates
Many American expatriates with delinquent expat tax returns live in a fear. Earlier we mentioned the ways that the IRS can find US citizens and green card holders living abroad. Americans can face substantial penalties for a failure to file a tax return on US expat taxes and potential IRS...
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Offshore Voluntary Disclosure Program: OVDP Rejection Letters
American expatriates who decided to participate in the latest OVDP, Offshore Voluntary Disclosure Program, should be ready for an unpleasant surprise. Please read here to learn What is Voluntary Disclosure. Effective March 4, 2013 the IRS Criminal Investigation Division started to send out letters to US taxpayers who were previously...
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