On September 12th, the Treasury Inspector General for Tax Administration (TIGTA) released its annual report on IRScompliance trends. Individual income tax return examinations conducted by the US [...]
Aspects of Estate Planning for Persons with U.S. Connections
I previously wrote about the amnesty program in general, and streamlined procedures in particular. Most agree that it is critical to contact the IRS before they contact you. At the same [...]
UK based Financial Institutions do not need to submit FATCA “nil returns”; what about Singapore Financial Institutions?
This week, HM Revenue and Customs (HMRC) confirmed that UK financial institutions (FIs) that have no US-reportable accounts will not be required to submit annual ‘nil returns’ in [...]