Countdown to August 31 deadline: IRS ramping up search for "US persons" abroad
Under the US tax system, US persons - citizens, green card holders and residents - are required to file annual US income tax returns reporting worldwide income.
It is a legal obligation to ensure that “true and accurate” returns are filed with the IRS in a timely way to avoid risks of numerous penalties and, potentially, criminal prosecution.
The IRS is...
Read more: Countdown to August 31 deadline: IRS ramping up search for "US persons" abroad
