Tax Seminar: US Tax & Financial Services The Life of An American Abroad
US Tax & Financial Services Ltd. February 2012 tax event held at BAFTA, “The Life of An American Abroad.” This video outlines the various stages and related tax implications.
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, improvising the various stages of the life of an American abroad.
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