by Antonio Rodriguez | Oct 26, 2014 | FATCA, FBAR, IRS - Internal Revenue Service, US Tax Return 1040 / 1040NR
By Robert W Wood – FORBES Is any offshore income, account or trust still secret? The only safe assumption is no. And contrary to public opinion, it is not merely a prospective problem. Many equate the question solely to FATCA, the pervasive U.S. law enacted in...
by Antonio Rodriguez | Oct 26, 2014 | FATCA, FBAR, IRS - Internal Revenue Service, US Tax Return 1040 / 1040NR
By Robert W Wood – FORBES Never heard of FATCA? You will. FATCA—the Foreign Account Tax Compliance Act—is America’s global tax law. It was quietly enacted in 2010, and after a four-year ramp up, it’s finally in effect. What is most amazing is not its impact on...
by Antonio Rodriguez | Oct 26, 2014 | FATCA, FBAR, IRS - Internal Revenue Service, US Tax Return 1040 / 1040NR
More than 7 million Americans live abroad, and most have bank accounts there. Many other Americans have overseas bank accounts too. Most are receiving letters from their banks about their American status. Please provide your U.S. tax ID and verify that you are fully...
by Antonio Rodriguez | Oct 21, 2014 | FATCA, FBAR, US Tax Return 1040 / 1040NR
Five Reasons to Start Reporting Your Foreign Bank Accounts U.S. citizens who have neglected to report foreign accounts they own or have signing authority over may be facing stiff penalties. Many of my clients want to comply with this policy but have concerns about the...
by Antonio Rodriguez | Oct 5, 2014 | FATCA
FATCA Forces Criminal Patterns Of Behavior Since the FATCA regulations took effect July 1 of this year, it’s been getting harder and harder to carry out financial transactions around the world, and I’d say we’re only at the bottom of this hill. As these onerous...
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