Late Tax Returns – IRS Denies Foreign Earned Income and Housing Exclusions

Most Americans working abroad know they may be eligible to exclude certain foreign earned income (wages, compensation for services) and housing amounts from US taxable income.  This means […]

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IRS Revised the “Streamlined” Foreign and Domestic Certification Forms

Important Update: IRS recently revised the Foreign and Domestic certification forms for the Streamlined Procedures (Form 14653, here, and Form 14654, here) . Among other changes there is […]

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Streamlined Foreign Offshore – Latest Scoop!

Many of you may already be quite familiar with the Internal Revenue Service (IRS) “Streamlined” programs permitting far more practical methods of achieving tax compliance for US persons […]

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The Unreported Offshore Account – Still Alive After Death & Plaguing Executors and Heirs

When someone dies owning an unreported financial account, the heirs and executors of the estate are faced with a serious problem. First, assuming there is undeclared income earned […]

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FAQs Part II GCC Country & US Dual Nationals (Understanding FATCA and Your Non-US Accounts)

This FAQ Area is for informational purposes only.  The FAQs are based on questions I have most frequently encountered from US-GCC Country dual nationals. The information, however, is […]

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Tax Non-compliance: New Regs Help Analyze “Willful” versus “Non-willful”

On November 19, the IRS finalized proposed regulations (“Section 367 Regulations”) (T.D. 9704) applicable to US taxpayers that fail to file so-called “gain recognition agreements” (GRAs) upon a […]

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OOOOPS! Summer Vacation Ruins Eligibility for Streamlined Foreign Offshore Procedures

On June 8th, the IRS announced new procedures that will help many Americans achieve tax compliance with regard to their overseas accounts and assets.  There are two different […]

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