What is an ITIN? An Individual Taxpayer Identification Number (ITIN) is a tax processing number issued by the Internal Revenue […]
Blog
Be Careful in Your Choice of Tax Advisors /Returns
On September 12th, the Treasury Inspector General for Tax Administration (TIGTA) released its annual report on IRScompliance trends. Individual income […]
Aspects of Estate Planning for Persons with U.S. Connections
Aspects of Estate Planning for Persons with U.S. Connections
E-Commerce and Taxation
Many of our clients are entrepreneurial and our team is ready and able to support them. Some clients have online […]
What’s Form BE-10?
Most know June 30th as the deadline for filing FBARs or Foreign Bank Accounts – http://advancedamericantax.com/2014/11/25/fbars-and-form-8938/ But this year there’s […]
Quiet Disclosures
I previously wrote about the amnesty program in general, and streamlined procedures in particular. Most agree that it is critical […]
Entrepreneurs and the Section 83(b) Election
Entrepreneurs need to be aware of the 83(b) election. In simple terms, you are taxed on any equity compensation that […]
IRS updates its list of “Bad” banks
fatca Taxpayers in the 2014 OVDP face a 50% penalty if they had accounts at any of the following: UBS […]
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 […]