2022-07-28 19:12:21 by Ben Sussmimi
Understanding the Streamlined Filing Compliance Procedures (SFCP) and its Repercussions: An In-depth Look at the Jones Case
1. Introduction: The Relevance of SFCP for U.S. Taxpayers
The vast world of international finance is filled with complexities. ...
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2022-07-14 11:33:09 by Eli Shevpool
The notion of American Dream often evokes images of opportunities, freedom, and a life filled with possibilities. However, for a growing number of American expatriates, this dream has started to lose its luster. A recent survey startled many when it revea ...
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2022-07-13 19:34:54 by John Spencerfield
It's not unusual for Americans to relocate to Canada or for Canadians who have lived in the U.S. for a while to do the same. Knowing how the tax laws in Canada and the United States differ from one another can assist you guide your client through the relo ...
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2022-07-07 09:50:33 by Yaffa Swinkenheimer
The case of Romanian-American businessman Alexandru Bittner, who was fined $2.72 million for failing to file Financial Crimes Enforcement Network (FinCEN) Forms 114, Report of Foreign Bank and Financial Accounts (FBAR) (Bittner, No. 21-1195 (U.S. 6/21/22) ...
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2022-06-27 22:53:14 by Erwin Mattegon
The Foreign Account Tax Compliance Act (FATCA), enacted in 2010, generally requires U.S. persons who have financial interests in foreign accounts totaling more than $10,000 at any time during the year to report such information to the Internal Revenue Ser ...
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