Tax Seminar: US Tax & Financial Services Panel Session – 22 Feb 2012
US Tax & Financial Services Ltd. February 2012 tax event held at BAFTA. Content relevant to Americans abroad becoming compliant with the IRS’s newest tax laws and initiatives.
CEO Darlene Hart is joined by US Tax directors Gregory Dean, David Treitel, and Andrew Aldridge as well as Financial Times columnist and entrepreneur, Mike Southon, and founder-member of the Comedy Store Players, Neil Mullarkey (see Part 2 entitled “The Life of an American Abroad” outlining the various stages and their tax implications).
Did you Know?
Fact SevenThanks to FATCA banks must disclose their American account holders to the IRS or local tax authority.
Fact SixThe IRS is actively looking for non compliant US persons.
Fact FiveIt takes an average of 16 hours to do IRS Form 1040.
Fact FourThere are over 500 IRS tax forms.
Fact ThreeSince 1916, illegal income has been taxable.
Fact TwoUS persons must file tax returns no matter where they live and work.
Text One7 million Americans abroad
only 500,000 compliant