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
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…
