As should be clear to anyone reading our blog —- if you are not up to date with your US tax filings THE IRS IS COMING TO GET YOU! More and more non-US advisors, banks, and trust companies, for example, are requiring their US clients to be complaint with their US tax obligations; some are […]

The United States imposes its Income Tax on US PERSONS based on the person’s worldwide income.  It does not matter where you live – if you are a US PERSON or as an advisor have a US PERSON in your investment structure, you (or they) are subject to US Income Tax. Many American citizens who […]

As those of you who have been keeping up on the FATCA developments are aware, various rules imposed under the proposed FATCA regulations set forth a number of implementations dates beginning in January 2013. As a result of numerous comments these deadlines have been extended to 2014 and 2015, according to this IRS announcement. Summary […]

The Ghost of Anna Nicole Smith visited me to discuss a unique tax saving opportunity, which is set to expire at the end of this year. Seriously. You may remember Anna Nicole, the Playmate who parlayed her Playboy fame into a modern tragic-comedy of sorts – if I may say that without offending.  But to […]

Receiving a notice from the Internal Revenue Service is no cause for alarm. Every year the IRS sends millions of letters and notices to taxpayers. In the event one shows up in your mailbox, here are eight things you should know: 1. Don’t panic. Many of these letters can be dealt with very simply. 2. There are […]

If HMRC have sent you a Self Assessment tax return or notice to complete a tax return for 2009-10 or earlier and you have not yet taken any action, HMRC are offering a quick way to bring your tax affairs up to date.  Any person who has been sent returns or a notice to file […]