
On 24 July 2015, the Luxembourg tax authorities have announced that they are exceptionally postponing the FATCA reporting deadline until 31 August 2015. As a reminder, on 1 July 2015, the Luxembourg Lower House of Parliament (Chambre des Députés) debated on and voted to adopt the Bill submitted to Parliament by the Luxembourg Government 27…

Turkish Finance Minister Mehmet Şimşek said the Turkish government and the United States administration will sign a deal on July 23 which will make financial information exchanges possible between the two countries, as a part of the efforts to fight against tax evasion, as reported by Anadolu Agency. Read the full article… Turkey, US to…
Under the Foreign Account Tax Compliance Act (FATCA), US taxpayers with certain foreign financial assets exceeding the reporting threshold must report their assets to the IRS. They will use Form 8938, Statement of Specified Foreign Assets. This is in addition to filing Form 114, Report of Foreign Bank and Financial Accounts (FBAR). Disclosure and worldwide…
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