WASHINGTON — The Internal Revenue Service today reminded U.S. citizens and resident aliens, including those with dual citizenship who have lived or worked abroad during all or part of 2014, that they may have a U.S. tax liability and a filing requirement in 2015....
La Comisión Europea no está de acuerdo con el régimen sancionador del modelo 720, y va a iniciar un procedimiento de infracción contra España… El régimen sancionador que existe por dejar de presentar la “Declaración de bienes en el extranjero” (modelo 720) es...
Everyone knows the infamous April 15th deadline for US calendar year taxpayers. Failure to pay and file by this deadline can result in filing and payment penalties. But if you are a US citizen or resident alien that resides in a foreign country on the April 15th due...
If you are one of the millions of expat Americans filing taxes in 2015, expect more complications, given two announcements recently made by the IRS. The Foreign Account Tax Compliance Act has gone live with its International Data Exchange Service sending its first...
If you renounce your US Citizenship you must face the “Exit tax”, It is probably one of the most misunderstood U.S. tax on individuals—the “Exit Tax” Americans have to pay when they give up their U.S. citizenship. In the past, the U.S. Exit Tax was imposed on an...
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