Expatriation & Expat Taxes: Full-Service Tax & Legal Specialists. Expatriation & Expat Attorneys for Citizens/Residents. Covered Expatriates.| Expatriation Exit Tax Lawyers: Citizens & Long-Term Residents
A Critical FBAR Update to Foreign Asset Reporting Complexities Each year, the U.S. Government requires U.S. persons who own foreign assets and accounts to disclose this information annually to the IRS/FinCEN on the FBAR. The FBAR is used to report foreign bank and financial accounts, such as bank accounts, investment accounts, pension plans, and […] The post A Critical FBAR Update to Foreign Asset Reporting Complexities appeared first on Expatriation Exit Tax Lawyers: Citizens & Long-Term R...| Expatriation Exit Tax Lawyers: Citizens & Long-Term Residents
How U.S. Expats Can Resolve FBAR Tax Issues and Penalties When a U.S. person (U.S. Citizen, Lawful Permanent Resident, Foreign National who meets the Substantial Presence Test) has foreign accounts, assets, or other investments, they may be required to file the annual FBAR (FinCEN Form 114) to report this information to the U.S. government. There […] The post How U.S. Expats Can Fix FBAR Tax Issues and Penalties appeared first on Expatriation Exit Tax Lawyers: Citizens & Long-Term Residents.| Expatriation Exit Tax Lawyers: Citizens & Long-Term Residents
Americans Living Abroad: Taxes, FBAR, FATCA & Form 3520. GOLDING & GOLDING, BOARD-CERTIFIED TAX LAWYER SPECIALIST TEAM.| Expatriation Exit Tax Lawyers: Citizens & Long-Term Residents
Accidental Americans May Avoid Taxes and IRS Penalties The concept of becoming an Accidental American is the idea that a person who has been living overseas in a foreign country learns as an adult that they are actually a U.S. citizen. This is usually because the person was born overseas but their apparent was a […] The post Who is an Accidental American, Why Do They Owe U.S. Taxes? appeared first on Expatriation Exit Tax Lawyers: Citizens & Long-Term Residents.| Expatriation Exit Tax Lawyers: Citizens & Long-Term Residents
Hidden Dangers When Transferring Your Assets Offshore In today’s global market, it is not uncommon for US taxpayers to want to transfer assets offshore or to acquire foreign accounts and investments to expand their portfolio. There is nothing inherently illegal about transferring assets offshore or purchasing foreign assets. Where the problem arises is that taxpayers […] The post Hidden Dangers When Transferring Your Assets Offshore appeared first on Expatriation Exit Tax Lawyers: Citizen...| Expatriation Exit Tax Lawyers: Citizens & Long-Term Residents
Offshore Accounts Disclosure, What Taxpayers Should Know One common misconception that many U.S. taxpayers have is that if they have offshore accounts that were not reported in prior years, they are required to submit to the Internal Revenue Service’s voluntary disclosure program. Unfortunately, there are many fear-mongering tax attorneys (who purport to be tax experts) […] The post Offshore Accounts Disclosure, What Taxpayers Should Know 2025 appeared first on Expatriation Exit Tax Lawye...| Expatriation Exit Tax Lawyers: Citizens & Long-Term Residents
What's the Difference Between FBAR & FATCA, How to Unravel. GOLDING & GOLDING, BOARD-CERTIFIED TAX LAWYER SPECIALIST.| Expatriation Exit Tax Lawyers: Citizens & Long-Term Residents
How to Navigate Common IRS Form 8938 Tax Audit Triggers Expanding upon our recent article involving FBAR compliance and Form 3520 triggers, another very common international information reporting form that U.S. taxpayers may have to file is IRS Form 8938. Since the tax year 2011, certain taxpayers who meet the threshold requirements for reporting foreign […] The post How to Navigate Common IRS Form 8938 Tax Audit Triggers appeared first on Expatriation Exit Tax Lawyers: Citizens & Long-Term...| Expatriation Exit Tax Lawyers: Citizens & Long-Term Residents
How to Avoid Frequent IRS Form 8938 Mistakes IRS Form 8938 is one of the more common types of international information reporting forms. As we have referenced our many of our prior articles, Form 8938 is a ‘relative newcomer‘ when it comes to foreign account and asset disclosure. Unlike many of the other international tax […] The post How to Avoid Frequent IRS Form 8938 Mistakes (2025) appeared first on Expatriation Exit Tax Lawyers: Citizens & Long-Term Residents.| Expatriation Exit Tax Lawyers: Citizens & Long-Term Residents
An Update for Expats with Form 3520 Penalty Concerns At the close of 2024, the then-acting IRS Commissioner of the Internal Revenue Service made a statement that the IRS intends to change the method for assessing 6039F (Form 3520) penalties for failing to report foreign gifts. Unlike various other types of international information reporting forms, […] The post 2025 Update for Expats with IRS Form 3520 Penalty Concerns appeared first on Expatriation Exit Tax Lawyers: Citizens & Long-Term Re...| Expatriation Exit Tax Lawyers: Citizens & Long-Term Residents
The FBAR: A Guide on How to File, Requirements & Deadlines (Examples). GOLDING & GOLDING, BOARD-CERTIFIED TAX LAWYER SPECIALIST.| Expatriation Exit Tax Lawyers: Citizens & Long-Term Residents
New Form 8938 Filing Requirements, Who Must File & When. GOLDING & GOLDING, BOARD-CERTIFIED TAX LAWYER SPECIALIST TEAM. IRS FORM 8938 LAWYER.| Expatriation Exit Tax Lawyers: Citizens & Long-Term Residents
What are the U.S. Exit Tax Requirements (Common Examples 2025) GOLDING & GOLDING, BOARD-CERTIFIED TAX LAW SPECIALIST. U.S. EXIT TAX.| Expatriation Exit Tax Lawyers: Citizens & Long-Term Residents
Offshore Disclosure with Expatriation, When is it Required? GOLDING & GOLDING, BOARD-CERTIFIED TAX LAWYER SPECIALIST.| Expatriation Exit Tax Lawyers: Citizens & Long-Term Residents
Form I-407 (2020): Abandonment of Green Card Permanent Residence. The Form I-407 is used to Voluntarily Abandon Legal Permanent Residence.| Expatriation Exit Tax Lawyers: Citizens & Long-Term Residents