Expat News Tagged 'Internal Revenue Service (IRS)'

US Passports Won't Be Seized For FBAR Violations: ACA

US Passports Won't Be Seized For FBAR Violations: ACA

By Fiona Moore, for ExpatBriefing.com, 02 November, 2017

Americans and prospective US citizens will not lose their right to a US passport for incurring significant penalties for failing to declare a foreign bank account to the Internal Revenue Service, a taxpayer lobby group has said. Read full story »

Tags: expatriates | tax | interest | law | Internal Revenue Service (IRS) | legislation | United States | penalties | Expats | Tax

 

Jump In US Expats Renouncing Citizenship

Jump In US Expats Renouncing Citizenship

By by Mike Godfrey, Tax-News.com, Washington, 04 August, 2017

According to Treasury Department statistics, the number of taxpayers renouncing their US citizenship in the second quarter of 2017 hit 1,759 – the second highest on record. Read full story »

Tags: individuals | expatriates | Foreign Account Tax Compliance Act (FATCA) | tax | FATCA | Internal Revenue Service (IRS) | United States | Compliance | Expats | Tax

 

ATR Seeks Residence-Based Taxation For US Expats

ATR Seeks Residence-Based Taxation For US Expats

By by Mike Godfrey, Tax-News.com, Washington, 09 June, 2017

Americans for Tax Reform has urged the Ways and Means Committee to include residence-based taxation for overseas Americans in an eventual tax reform package. Read full story »

Tags: individuals | expatriates | compliance | Foreign Account Tax Compliance Act (FATCA) | tax | FATCA | Internal Revenue Service (IRS) | legislation | United States | tax reform | Compliance | Expats | Tax

 

Residence-Based Taxation Put Forward For Americans Abroad

Residence-Based Taxation Put Forward For Americans Abroad

By Mike Godfrey, for ExpatBriefing.com, 14 June, 2016

With regard to the increasing talk in the US Congress on tax reform, American Citizens Abroad has provided the House of Representatives Ways and Means Committee with a full reform proposal for the enactment of residence-based taxation for American expatriates. Read full story »

Tags: expatriates | compliance | tax | business | tax compliance | interest | royalties | law | Internal Revenue Service (IRS) | withholding tax | gift tax | United States | dividends | tax reform | exit tax | trade | Tax

 

Individual Taxpayer Numbers To Expire, IRS Says

Individual Taxpayer Numbers To Expire, IRS Says

By ExpatBriefing.com Editorial, 04 July, 2014

With effect from 2016, Individual Taxpayer Identification Numbers will expire if they have not been used on a federal income tax return for five consecutive years, the United States Internal Revenue Service has announced. Read full story »

Tags: individuals | compliance | tax | tax compliance | law | Internal Revenue Service (IRS) | tax authority | United States | individual income tax | Expats | Tax

 

US Expats Hail Disclosure Program Breakthrough

US Expats Hail Disclosure Program Breakthrough

By ExpatBriefing.com Editorial, 01 July, 2014

Major changes to the Internal Revenue Service's offshore voluntary compliance program have been welcomed by American Citizens Abroad. The program is offered to overseas American citizens that have not deliberately failed to abide by their tax obligations. Read full story »

Tags: individuals | compliance | tax | tax compliance | law | Internal Revenue Service (IRS) | tax authority | offshore | United States | penalties | individual income tax | Expats | Tax

 

IRS To Provide Revised Voluntary Disclosure Relief

IRS To Provide Revised Voluntary Disclosure Relief

By ExpatBriefing.com Editorial, 09 June, 2014

During Internal Revenue Service Commissioner John Koskinen's remarks at a speech before the United States Council-OECD International Tax Conference in Washington on June 3, he indicated that the agency is preparing a new offshore voluntary disclosure program that will be easier on "law-abiding" American residents abroad. Read full story »

Tags: individuals | expatriates | compliance | tax | tax compliance | law | Internal Revenue Service (IRS) | enforcement | tax authority | offshore | United States | penalties | Expats | Tax

 

IRS Warns US Expats Of Filing Deadlines

IRS Warns US Expats Of Filing Deadlines

By ExpatBriefing.com Editorial, 04 June, 2014

United States citizens and resident aliens living overseas who qualified for an automatic two-month extension after the regular April 15 tax filing date must file their 2013 federal income tax returns by June 16. Read full story »

Tags: compliance | tax | tax compliance | law | trusts | Internal Revenue Service (IRS) | tax authority | gift tax | United States | individual income tax | Expats | Tax

 

IRS Simplifies Tax Payment Through Direct Pay

IRS Simplifies Tax Payment Through Direct Pay

By ExpatBriefing.com Editorial, 30 May, 2014

The United States Internal Revenue Service has announced the successful start of its new web-based system IRS Direct Pay, which enables taxpayers to pay their tax bills or make estimated tax payments directly from checking or savings accounts, without any fees or pre-registration. Read full story »

Tags: individuals | compliance | tax | tax compliance | Internal Revenue Service (IRS) | tax authority | internet | United States | individual income tax | Expats

 

Americans Quitting US As FATCA Approaches

Americans Quitting US As FATCA Approaches

By ExpatBriefing.com Editorial, 14 May, 2014

According to Treasury Department statistics published in the Federal Register, 1001 United States taxpayers gave up their passports or their green cards in the first quarter of 2014, an increase of 47.4 percent over the 679 individuals that did so in the first quarter of last year. Read full story »

Tags: individuals | compliance | tax | tax compliance | law | Internal Revenue Service (IRS) | tax authority | agreements | United States | individual income tax | Compliance | Expats | Tax

 

 




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