FATCA UK – Foreign Asset & Investment Reporting | IRS FATCA UK

FATCA U.K. – Foreign Asset & Investment Reporting | IRS FATCA UK Each year, Golding & Golding, A PLC represents numerous clients before the IRS who are either based in the UK, originally from the UK, and/or have assets, accounts, investments or income from the UK. FATCA UK (IRS) Like many other superpower nations such…


FATCA 2018 & Beyond – Key Tips to IRS Offshore Reporting & Filing

FATCA 2018 & Beyond – Key Tips to IRS Offshore Reporting & Filing Despite what many people who were hoping for, the new Tax Reform bills do not include any repeal of FATCA — not even for Accidental Americans or other expats who truly deserve it. FATCA 2018 & Beyond  The following summary is a…


The Timing of a FATCA Notice – Willful or Non-Willful

For many individuals, they literally had no idea they were ever supposed to report or disclose foreign accounts or foreign income in the United States, until they received a FATCA Letter from their foreign financial institution/bank instructing them that they needed to certify their U.S. status. Typical Example Michelle is a U.S. Green Card Holder and…


Do I File FBAR & 8938 if I Live Outside of the U.S.?

Yes, When a person is considered to be a U.S. person (such as a U.S. Citizen, Legal Permanent Resident/Green-Card Holder, or Foreign National who meets the Substantial Presence Test) they are required to file a U.S. tax return — no matter where they live (presuming they meet the threshold requirement). And, since Form 8938 is…


Learn How to Report Closed Accounts on FATCA Form 8938

With the FATCA Form 8938 (Report of Foreign Bank and Financial Accounts) due date rapidly approaching (April 18, 2017 — unless you applied for an extension), we often receive the question of whether closed accounts need to be reported on a FATCA Form 8938? The answer is — yes: If the account was opened at all during 2016,…