Tax & Banking

The US Tax & Banking Committee gathers information on US tax and banking legislation and regulations, and informs the membership of their US tax responsibilities while living overseas. It collects information from the FAWCO membership on specific tax and banking related problems to bring these to the attention of legislators in Washington.

What will I find here?

The Tax & Banking Committee develops lists of resources and advisors, and publishes periodic newsletters, presentations and videos, and updates and links to media articles and other resources for Overseas Americans and “US tax persons.” You can find more information on each category by clicking on the title below.

  • Tax: Cross-border tax issues, information & IRS links
  • Bulletins from the US Tax and Banking Committee
  • FATCA information

We encourage Overseas Americans to plan their international financial lives and maintain compliant status with US regulations.

Remember, overseas residents have until June 15 each year to file their US taxes. For a useful, easy-to-navigate guide to IRS information for 2016 tax filers, go to the IRS Tax Map

How can I get more information about tax, banking and estate planning information?

Even as a FAWCO Member, you must subscribe to receive the US Liaison Bulletins, which include information about US citizenship, voting from overseas and tax and banking information. FAWCO Club Presidents and FAWCO Reps receive our bulletin automatically.

Send us your questions, comments, problems or let us know if we can help you with anything. Contact This email address is being protected from spambots. You need JavaScript enabled to view it..   

Read the Tax & Banking Disclaimer. 

Subcategories

FAWCO's U.S. Tax & Banking Committee published periodic Bulletins on U.S. tax, banking and estate planning issues affecting Americans living and working overseas. You can see past Tax & Banking Bulletins and as a FAWCO Member you can sign up to receive the U.S. Liaison Bulletin with information on tax and banking, U.S. citizenship, and voting from overseas.

Read the Tax & Banking Disclaimer.

tax termsMost Americans and green card holders must file forms and in some cases pay taxes with the U.S. Government every year. You may have to file even though you have no earned income, already pay taxes in your country of residence, are below the foreign income exclusion and/or give or receive money in the form of a gift or inheritance. It can get complicated but we're here to help!

Click the category title below to learn more about each topic, and find articles related to tax below.

Have a tax story or information about taxes to share? Email us at This email address is being protected from spambots. You need JavaScript enabled to view it..

 

Tax Basics

Income Tax

Compliance Issues

Tax Planning

PFIC Regulations

IRS Links

Filing Options

Tax Forms

DC Advocacy

 

Read the Tax & Banking Disclaimer.

 

Banking & Financial Services

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Living outside the United States creates particular challenges to personal financial management. Banking services in countries of residence can vary widely, U.S. and foreign government regulations and the banking industry’s reaction to them can make fluid transitions of funds, opening of new accounts, changes in providers, and even access to new banking cards confusing and difficult. Many of us are happy to take advantage of the benefits of internet-based, online banking services; while others are suspicious of the security and identity theft issues that increasingly appear in the press.

We all need access to secure and reliable banking and investing services wherever we live around the world. FAWCO advocates for this in Washington and abroad. We'll be providing links for FAWCO tips, explanations and suggestions, expert presentations, and other helpful information.

Click on a category below under any of the main subjects to learn more.

If you have updates regarding banks that serve U.S. tax persons abroad or difficulties you have faced with banking or other financial services overseas that you would like to share please email us at This email address is being protected from spambots. You need JavaScript enabled to view it..

 

Banking Overseas

Bank Accounts in the U.S.

Bank Accounts in Country of Residence

FATCA

 

Financial Planning Resources

Current Issues

Basic Information & Strategy

Mutual Funds

 

Retirement

Retirement Issues & Links

Foreign Retirement Accounts & IGAs

 

Other Topics

Social Security

 

Read the Tax & Banking Disclaimer.

Legal & Estate Planning

family photoThose of us who live overseas have plenty of challenges to contend with that become increasingly complex as we move from one country to the next leaving a wake of residences, accounts, and often business and personal investments behind us. While living in non-U.S. countries we are often subject to their inheritance laws that evolve from local attitudes and traditions. Sometimes these conflict with U.S. law in uncomfortable ways.

Whether you are considering marrying a foreign national, facing foreign taxation by your country of residence of an U.S.-based inheritance, or planning for the distribution of your assets after you are gone, you will find helpful material here from various country jurisdictions, diverse experts & other FAWCO members.

Click the category title below to learn more about each topic, and find articles related to tax below.

If you have stories or information regarding legal and estate planning issues facing U.S. person living abroad that you would like to share, or you have questions or problems, we will try to help. Please send them to This email address is being protected from spambots. You need JavaScript enabled to view it..

 

Basic Inheritance Law


Medical Directives & Living Wills


Country Specific Info & Presentations

 

Read the Tax & Banking Disclaimer.

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