The Latest News on International Tax Compliance and IRS Voluntary Disclosure
US International Tax Advisors helps you to keep up with the latest news and regulations on foreign bank account reporting. Our tax and legal experts are up-to-date with the changes in FATCA and FBAR regulations, IRS amnesty programs, and the Overseas Voluntary Disclosure Program. We also share our deep expertise in international business consulting, information storage and management, litigation and investigation.
Tax laws can be complex, which is why you may need to hire tax experts who can help you. If you own foreign financial assets, you need to be aware of foreign bank account reporting (FBAR), and foreign account tax compliance (FATCA). 4 Questions to Ask About the Foreign Account Tax Compliance Act was last…
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…
Contact Us for Help with Foreign Bank Account Reporting
If you are struggling with international tax compliance, foreign account tax compliance, or need a foreign bank account reporting consultant, your first call should be to US International Tax Advisors at (844) 796-8565. Or simply complete our convenient online contact form to begin the process of resolving even the toughest international tax compliance issue.
