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Etiket 'cfc repatriation tax' (2)

International Tax Law Consulting & Compliance

Your usual 1040 personal tax return is thereby not sufficient anymore. The whole topic can be a bit overwhelming and it’s not easy to find your way through the tax-jungle alone. You can, of course, find a "specialist" virtually on every corner, who offers you tax advice for cheap to receive your biggest tax refund. We are more than happy if you schedule an appointment in one of our offices in Bonita Springs, Cape Coral or Hamburg, Germany, so we can get to know you a little bit better, ....

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What Constitutes Being Exempt From Fatca Reporting?

Under FATCA, certain U.S. taxpayers holding financial assets outside the United States must report those assets to the IRS on Form 8938, Statement of Specified Foreign Financial Assets. There are serious penalties for not reporting these financial assets . This FATCA requirement is in addition to the long-standing requirement to report foreign financial accounts on FinCEN Form 114, Report of Foreign Bank and Financial Accounts (formerly TD F 90-22.1). U.S. taxpayers who do not have to file an...

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