In this article, US International Tax Advisors answers the frequently asked questions about foreign earned income exclusion. Frequently Asked Questions About Foreign Income Exclusion was last modified: August 10th, 2015 by US International Tax Advisors
The FBAR is a disclosure form, not a tax form. So even though it goes to the treasury department, it’s not like there’s any money owed. Nonetheless, this is not something to be taken lightly, as the penalty for failing to file can be anywhere from $10,000 to 50% of the amount in each account…
With India signing the U.S. tax compliance law, many people are wondering what’s next for FATCA. On July 9, Indian revenue secretary Shaktikanta Das and U.S. Ambassador Richard Verma signed the Foreign Account Tax Compliance Act or FATCA, which was created to fight tax evasion by U.S. citizens. More and More Countries Join FATCA was…
NEW DELHI: To check offshore tax evasion, India and the US on Thursday signed an agreement to implement FATCA that will facilitate exchange of information between the two countries from October 1. The Foreign Account Tax Compliance Act (FATCA) was signed here by revenue secretary Shaktikanta Das and US ambassador Richard Verma. Read the full…
Going to confession won’t be enough anymore. Now that the Vatican has signed an agreement with US authorities to report information about overseas accounts under the Foreign Account Tax Compliance Act (FATCA), more taxpayers must be on their best behavior. Read the full article… FATCA Update: Tax Evaders Don’t Have a Prayer was last modified:…
