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Aspects of Estate Planning for Persons with U.S. Connections
Aspects of Estate Planning for Persons with U.S. Connections
E-Commerce and Taxation
Many of our clients are entrepreneurial and our team is ready and able to support them. Some clients have online businesses. So taxation in the online space is always a hot topic. For US [...]
What’s Form BE-10?
Most know June 30th as the deadline for filing FBARs or Foreign Bank Accounts – http://techno-sites.com/darren/2014/11/25/fbars-and-form-8938/ But this year there’s a new kid on the block [...]
/ FBAR, fbar form singapore, fbar reporting singapore, Federal Tax, Federal Tax singapore, Federal Tax USA, US Federal Tax, USA Federal Tax /
Quiet Disclosures
I previously wrote about the amnesty program in general, and streamlined procedures in particular. Most agree that it is critical to contact the IRS before they contact you. At the same [...]
/ irs, Irs singapore, irs tax, us tax /
Entrepreneurs and the Section 83(b) Election
Entrepreneurs need to be aware of the 83(b) election. In simple terms, you are taxed on any equity compensation that you receive in the same way that you are taxed on your other income. [...]
/ fatcha, fatcha singapore /
IRS updates its list of “Bad” banks
fatca Taxpayers in the 2014 OVDP face a 50% penalty if they had accounts at any of the following: UBS AG Credit Suisse AG, Credit Suisse Fides, and Clariden Leu Ltd. Wegelin & Co. [...]
UK based Financial Institutions do not need to submit FATCA “nil returns”; what about Singapore Financial Institutions?
This week, HM Revenue and Customs (HMRC) confirmed that UK financial institutions (FIs) that have no US-reportable accounts will not be required to submit annual ‘nil returns’ in [...]
If I am a signatory on my employer’s bank accounts, do I need to report that?
Each U.S. citizen and permanent resident must report worldwide income to the IRS even when paying taxes elsewhere. Moreover, you must file an annual FBAR (Foreign Bank Account Report now called [...]
/ irs, Irs singapore /
Does the health care bill affect expats?
BACKGROUND In his campaign and once in office, President Obama promised to provide affordable healthcare to all Americans. As the “stick” part of his carrot and stick [...]