As a non-partisan organization representing the interests of all overseas Americans, FAWCO supports all efforts to eliminate or alleviate the damaging effects of FATCA. Since the very early days of FATCA, FAWCO has supported the “safe harbor” concept, which would eliminate the accounts held by overseas taxpayers in the country where they are fiscally domiciled from FATCA reporting. FAWCO's concern...
US Tax & Banking
US Tax & Banking Articles
Featured
Featured
US expats are often concerned about the dreaded dual-taxation when filing US taxes. But thankfully, the US has put into place several deductions and exclusions to help reduce that possibility. So we have outlined the top 3 ways to save on your US expat taxes!
1. The Foreign Earned Income Exclusion (FEIE)
This is the most common way US expats...
Featured
On April 13, National Taxpayer Advocate Nina Olson issued recommendations fully in line with those of the AARO-FAWCO position paper in March 2015 with respect to financial account reporting and the “same country exception” that we have advocated for several years.
Specifically, Ms Olson recommends that:
· filing of FATCA Form 8938 not be required of taxpayers who have timely filed FinCEN...
Featured
In her Annual Report to Congress for 2014, National Taxpayer Advocate Nina Olson addresses certain issues (her "Most Serious Problems") and makes certain Legislative Recommendations specifically related to overseas taxpayers.
We need actively to support her recommendations that seek to alleviate both the loss of access to IRS service abroad and the excessive burden of our mandatory filing of a...
Featured
The United States National Taxpayer Advocate Nina Olson has released her Annual Report for 2014 and, in Legislative Recommendation #6, advocates reducing the burden of filing a report of Foreign Bank and Financial Accounts (FBAR) and improving the corresponding civil penalty structure. She refers directly to the “unintended consequence of the civil FBAR penalty regime, which is designed to address...
Featured
Staying Compliant with Your US Expat Tax Obligations
A FREE Webinar by Greenback Expat Tax Services created exclusively for FAWCO members!
Tuesday April 14, 2015
8 AM New York
9 AM Buenos Aires
1 PM London
2 PM Paris
8 PM Singapore
With the hundreds of US tax code changes every year, how is an expat expected to keep up with all of their US...
Visit Our Partners
