201902.25
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U.S. Citizens Living Abroad File IRS Tax Returns, FBAR and FATCA

U.S. Citizens Living Abroad File Tax Returns, FBAR, and FATCA, which required them to disclose overseas (and U.S.) income, assets, accounts and investments. A common misconception for U.S. Citizens and Legal Permanent Residents (Green-Card Holders) is that moving abroad will free them from the shackles of the US tax system. Unfortunately, it does not work…

201902.17
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Eligible Deferred Compensation Items & U.S. Expatriation Tax Laws

Eligible Deferred Compensation Items & U.S. Expatriation Tax Laws This is a common question we receive from clients re: Expatriation, so we wanted to try to explain it in plain (relatively plain) “English.”  When it comes time to expatriation from the U.S. and the relinquishing/renouncement of your U.S. Citizenship or Green Card Status – you…

201902.11
2

False Tax Return, Unreported Foreign Income & No FBAR – Jail & Fines

False Tax Return, Unreported Foreign Income & No FBAR – Jail & Fines In late 2018, Israel Birman pled guilty to filing a false tax return. One of the main components of the crime was the failure to report foreign accounts on the FBAR. Specifically, “According to court documents, between 2006 and 2014, Israel Birman…