On December 4, 2015, HR 22, the “Highway Bill”, became Public Law N° 114-94. Title XXXII, Subtitle A, “Offsets”, contains provisions for the denial of issuance or revocation of the passport of any individual who has a “seriously delinquent” tax debt of over $50,000.
It states that if notified by the Secretary...
The IRS has issued a Tax Guide for U.S. Citizens and Resident Aliens Abroad, with all the basics you should need for filing your 2015 return.
(Remember that U.S. citizens and resident aliens are responsible for reporting their worldwide income and that very specific rules apply to filing from abroad. You may need professional advice but you can at least...
We are well into primary season and it is already clear that here, again, every vote counts!
Have you registered and requested your ballot? Remember that we are now required to do that every year and, in many cases, for every election in the year. Don’t let the votes be counted without yours!
Requesting your ballot is easy from...
FAWCO has written to those responsible for advancing the U.N. Convention on the Rights of the Child (CRC) to its ratification by the U.S. Senate, pointing out that since Somalia managed to finalize its ratification process on October 1, the United States is now the only outlier in the world. FAWCO’s letters to President Obama (who must submit the treaty...
On September 18, the IRS issued Notice 2015-66 which provides that Foreign Financial Institutions (FFIs) in countries with "Model 1" Intergovenmental Agreements (IGAs) will be treated as FATCA compliant, and not subject to FATCA withholding by the IRS, if those jurisdictions notify the IRS before September 30 of this year that they require more time to put their systems in...
Quietly and with no fanfare, a bill was signed into law by the President on July 31 that comes in direct answer to proposals made for several years by FAWCO and its partner organizations, as well as the National Taxpayer Advocate. Beginning in 2016, taxpayers (including overseas filers) will file FinCEN Form 114 at the same time, and subject to...