Aspects of Estate Planning for Persons with U.S. Connections
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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 [...]
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 [...]
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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 [...]