News
Understanding U S Citizens’ Obligations Under FATCA
https://youtu.be/jt3D8igprj0
How to Process Your Own FBAR: A Step-by-Step Guide
If you are a U.S. citizen or resident and you have foreign financial accounts, you may need to file the Foreign Bank Account Report (FBAR) annually. The FBAR is filed with the Financial Crimes Enforcement Network (FinCEN) and is essential for reporting foreign bank...
Another bank has threatened to close the bank account of a U S citizen.
What do you do? It’s simply not possible to function without bank accounts. In this instance the U S citizen was asked to provide their tax identification number, social security number or evidence that they have initiated the process to obtain this, or have...
US Citizens with a KiwiSaver
US Citizens with a KiwiSaver A KiwiSaver account may be considered a grantor trust for IRS reporting purposes if certain conditions are met. In general, a grantor trust is a type of trust where the individual who contributes assets to the trust retains control or...
U S Gift Tax and the implications of gifting real property to your spouse
https://youtu.be/il3sZczcdu0
US Global Tax on IRS personal tax return filing status
https://youtu.be/xN9xjq3dZbQ
US Global Tax on Estate Tax
https://youtu.be/ko9e94OzCEo
Implications of FATCA on US citizens
https://youtu.be/IzzpMcERGtk
NZ Bank closes bank account of US citizen because of FATCA
We received another enquiry today with respect to a New Zealand Bank closing/placing on hold the bank account of a US citizen. We have had similar instances previously and in other countries including Australia. This is why. The Foreign Account Tax Compliance Act...
Understanding the Foreign Earned Income Exclusion (FEIE)
For American citizens and resident aliens living and working abroad, navigating the complexities of U.S. taxation can be challenging. One significant tax provision that helps alleviate some of this burden is the Foreign Earned Income Exclusion (FEIE). This article...