If you are a US Citizen and are living in the UAE or are a US citizen living in the US and have accounts in the UAE, you should have filed FinCEN Form 114 also known as the FBAR if you have had AED (Emirati Dirham) 36732 or more which is approximately $10,000; filed Form 8938 if you have had AED 183657 or more (Single- approximately $50,000) and AED 367315 or more (filing Married & Joint- approximately $100,000) at end of the year.
India and the US recently signed a tax information sharing agreement that will facilitate exchange…
The implementation of the US Foreign Account Tax Compliance Act (US Fatca) and the less…
Effective August 17, financial institutions in Jamaica will be required to transmit relevant financial information…
Managing personal financial issues is challenging for most people. For American expats, the normal complexities…
The Treasury Department has notified countries with early versions of agreements under the Foreign Account…
Since July 1, eleven more Swiss banks have entered deferred prosecution agreements with the U.S. government….
The Department of Justice announced today that two banks, Rothschild Bank AG and Banca Credinvest…
Tax laws can be complex, which is why you may need to hire tax experts…
