The IRS has issued an updated foreign assets chart listing the latest requirements for filing Foreign Assets Form 8938 for the 2011 calendar year and TD F 90-22.1. Determining the Reporting Threshold That Applies to You… The IRS has provided guidance with respect to the thresholds that apply to taxpayers requirements for filing the form. […]

Credit Suisse Issues US Tax Compliance Form to its Clients In the ongoing battle of Swiss banking secrecy, FATCA regulations and the tides of disclosure and compliance requirements, Credit Suisse has made one of their boldest moves to date. In an effort to shift the compliance burden on account holders, Bloomberg recently announced that Credit […]

Please note: Some links have been disabled as they are no longer available at the source.  The IRS is aware that many US citizens living abroad may have failed to meet their various tax filing obligations.  In a recently released “information” bulletin the IRS reviews the various obligations of US taxpayers, the penalties for non-compliance, […]

PLEASE NOTE: THERE HAVE BEEN SEVERAL UPDATES SINCE THIS POST AND SOME LINKS HAVE BEEN DISABLED AS A RESULT. PLEASE READ THE LATEST INFORMATION HERE. Non-compliant Americans overseas now have five simple choices available. US citizens, residents and green card holders are required to file annual US tax returns whether or not they live in the […]

Last night, we gathered at the world famous Princess Anne Theatre at British Academy of Film and Television Arts for a seminar on tax in 2012, “The Life of An American Abroad”. The speakers were: Darlene Hart, CEO, US Tax and Financial Services Group LTD Gregory J. Dean, Esq., Tax Director for US Tax & […]

As we previously wrote about during the summer, what are referred to as the “Bush Era Tax Cuts” are set to expire at the end of 2012 unless Congress and the President act before the end of the year… And even if Congress and the President do act, whether they will retain the cuts for […]