The tax amnesty program is an approved limited-time program by the IRS. It aims to encourage businesses and individual taxpayers with delinquent tax obligations to come forward voluntarily. This, of course, comes with certain benefits, including abatement of penalties and interests. What You Need to Know about the Tax Amnesty Program was last modified: August…
The Foreign Account Tax Compliance Act (FATCA) – which became law in 2010 – just recently came into full effect. The results are frustrating for Americans living abroad as they struggle to find foreign banks willing to serve them. Stu Haugen, an American who lives overseas, recently wrote in the New York Times: Read the…
BRUSSELS / ZURICH – The EU and Switzerland Wednesday signed an agreement for automatic exchange of information on the financial accounts of residents from 2018, paving way for improved clamp down on tax evasion, the European Commission has said. Read the full article… EU, Switzerland Move to Curb Tax Evasion was last modified: August 10th,…
Increased data sharing has changed the monitoring of taxation. Today, U.S. nationals, expatriates, individuals, and companies conducting business across international borders experience much more scrutiny and review of their tax records. As a result, much more complicated international tax compliance issues have been brought to light. 4 Great Reasons to Choose US International Tax Advisors…
