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US Citizens Break Record for Expatriation

You may know the impact that recent US tax laws and regulations have had on US citizens living abroad. You may have read our blog on how this has affected The London Mayor Boris Johnson. But did you know that in 2013 expatriations had gone up by 221% and this week the US Treasury Department announced […]

London Mayor Boris Johnson to pay US tax

London Mayor Boris Johnson hit the world stage in 2012 when London hosted the very successful summer Olympics.  He is outspoken, eccentric, and very British.  Boris is an Old Etonian, having attended Eton as did 19 of the last 55 British Prime Ministers since Walpole (1676 – 1745), including his school mate, current Prime Minister […]

US Tax & Financial Appoints Power Trio

US Tax & Financial Services Group have just announced three significant hiring appointments to support their continuing growth. David M. Daley, Jonathan Tiegerman and Matthias Voss have joined the senior leadership teams in both the United Kingdom and Switzerland. Former Arthur Andersen Tax Partner, Dave Daley, will work in their London office as Private Client […]

IMPORTANT UPDATE: IRS ANNOUNCES BETTER ‘AMNESTY’ PROGRAM

Please note: Some links have been removed as the external source has unpublished. On June 18, the Internal Revenue Service announced new Voluntary Disclosure Procedures which include major changes for taxpayers living both outside and now inside the United States and who have failed to properly report their income and foreign financial accounts. With FATCA […]

Florida Man Fined $2.24 Million for Failure to File FBAR

An 87-year-old Florida man has been fined more than $2 million for wilfully failing to file his Report of Foreign Bank and Financial Accounts (FBAR) over three years – with the penalty amounting to 150 per cent of the value of his Swiss bank account. A Miami jury last week found Carl Zwerner guilty of […]

HMRC to target tax evaders with new global campaign

A new advertising campaign has been launched by UK chancellor George Osborne following February’s G20 summit in Australia. There has been a shared commitment by the G20 to tackle global tax avoidance and evasion. The advertising campaign is looking to target people who have stored money in offshore bank accounts, and highlights how tax evaders […]

The IRS boasts progress is being made

For decades, the Internal Revenue Service has offered programs allowing non-compliant taxpayers an opportunity to “make it right” and become up-to-date with their tax filings.  In 2009, 2011, and 2012 US persons with foreign financial assets have been afforded the same courtesy with an overseas voluntary disclosure program.   The 2012 program has been extended indefinitely, […]

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