201802.28
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Taxation of Income From Abroad (2018) – U.S Tax Returns & Foreign Income

Taxation of Income From Abroad (2018) – U.S Tax Returns & Foreign Income When it comes to the taxation of foreign income by the U.S. government, unfortunately the IRS standard practices are wildly divergent from almost every other country on the planet. Resident-Based Taxation Typically, in most other countries, taxation is molded after the concept…

201802.28
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OVDP Penalties – Unpaid Taxes vs. Foreign Accounts & Assets

OVDP Penalties – Unpaid Taxes vs. Foreign Accounts & Assets When it comes to deciding whether entering the traditional OVDP (Offshore Voluntary Disclosure Program) is proper for you, one of the biggest considerations…is to determine what your OVDP penalties will be. OVDP Penalties There appears to be some misinformation online regarding the different types of…

201802.26
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India NRI & PPF Closure – IRS & FATCA Compliance for U.S. Transfers

India NRI & PPF Closure – IRS & FATCA Compliance for U.S. Transfers For many individuals who are either Indian citizens or residents of India, opening up a PPF (Public Provident Fund) is standard practice. It is a great investment because it grows tax-free until the time of distribution. Unfortunately, once a person becomes a…

201802.22
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Barclays Offshore Bank Accounts & FATCA – Isle of Mann & Mauritius

Barclays Offshore Bank Accounts & FATCA – Isle of Mann & Mauritius Each year, Golding & Golding represents numerous individuals who are either UK citizens, or former UK citizens who are now residing in the US. One of the main issues that comes into play is when a person has a UK Barclay’s account. Barclays Offshore Bank…