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Reporting foreign income and filing a tax return when living abroad
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Reporting foreign income and filing a tax return when living abroad

Foreign Income and Accounts, Individual Income Tax, International Tax

Reporting foreign income and filing a tax return when living abroad

By Lauryn Charles|2023-03-22T20:22:37-04:00March 22nd, 2023|Foreign Income and Accounts, Individual Income Tax, International Tax|

Source: IRS.gov - Issue Number: Tax Tip 2023-36 U.S. citizen and resident aliens living abroad should know their tax obligations. Their worldwide income -- including wages, unearned income and tips -- is subject to U.S. income tax, regardless of where they live or where they earn their income. They also [...]

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The Foreign Account Tax Compliance Act

By Lauryn Charles|2010-08-04T09:58:58-04:00August 4th, 2010|Foreign Income and Accounts, International Tax|

Taxpayers face more disclosures and potential penalties. By KEVIN E. PACKMAN, ESQ. and MAURICIO D. RIVERO, ESQ. AUGUST 2010 Source: Journal of accountancy A key component of the federal government’s push for heightened tax compliance among U.S. taxpayers with foreign accounts and assets is the Foreign Account Tax Compliance Act [...]