Foreign Bank Account Reporting

17 Dec

US Taxes for Americans Living Abroad

US taxes for Americans living abroad can be relatively complicated. With some knowledge and planning, however, one can take advantage of the IRS tax code to their benefit. This article...

26 Jan

FATCA – Practical Guide

by holaexpat in Foreign Bank Account Reporting in Foreign Bank Account Reporting Comments

There are over 100 countries around the world that are now “FATCA-compliant.” This means that banks located in those countries will be sending to the IRS detailed information regarding accounts...

04 Feb

FATCA (Foreign Account Tax Compliant Act)

by holaexpat in Foreign Bank Account Reporting in Foreign Bank Account Reporting Comments

FATCA or Foreign Account Tax Compliant Act came into being in 2010. The reporting requirements are part of a broader effort by the U.S. government to combat offshore tax evasion,...

04 Feb

FBAR (Foreign Financial Account Report)

by holaexpat in Foreign Bank Account Reporting in Foreign Bank Account Reporting Comments

The US government is increasingly interested in knowing about the foreign assets held by its citizens and residents. The FBAR (Foreign Financial Account Report) is one of the key reporting requirements that Uncle Sam...