By Nathan Savransky, CPA (US) Congress has recently enacted a new law allowing the State Department to revoke or deny U.S. passports to delinquent taxpayers. American citizens, including expats living abroad, who owe over $50,000 in unpaid taxes (including penalties … Continue reading →
The due date of FinCEN Form 114 (known as the “Foreign Bank Account Report” or “FBAR”) has been moved to April 15 instead of June 30 and filers will be able to apply for a six-month extension of the deadline. … Continue reading →
The US and Israel have signed an Inter-Governmental Agreement (IGA) regarding FATCA. FATCA (the Foreign Account Tax Compliance Act) was enacted by the U.S. congress in 2010 to combat tax evasion of American citizens using foreign accounts. This agreements requires … Continue reading →
