Our runner-up financial phrase of the year is, “Are you a U.S. person?”
The IRS has today announced interest rates will remain the same for the calendar quarter beginning Jan. 1, 2015.
Now that Republicans have control of the Senate, things may change.
Almost three quarters of Americans who live outside the U.S. are tempted to give up their U.S. passports.
Changes are good news for clients who haven’t been filing
The IRS has just made it easier for taxpayers with RRSPs or RRIFs to get favorable U.S. tax treatment; it’s also taken steps to simplify procedures for U.S. taxpayers with these plans.
U.S. citizens and green card holders living outside the U.S. remain a priority for the IRS.
The IRS has issued a fraud alert for international financial institutions complying FATCA. Scam artists posing as the IRS have fraudulently solicited financial institutions seeking account holder identity and financial account information.
Your client may qualify for exceptions to IRS rules
Ensure clients are prepared to file new T1135.