FAWCO partner Overseas Vote Foundation has just released the results of its sixth post-election survey, launched on Election Day and continued through December 23, 2014.  We are pleased that many FAWCO members participated in the survey and that OVF continues to provide FAWCO members, as it has since 2008, with advanced voting technology and up-to-date voter support.

While participation in the...

We have learned to our distress that the last of the international offices of the Internal Revenue Service will be closed before the end of this year.  This means that all overseas Americans (and non-Americans residing abroad) who are under the obligation to file a U.S. tax declaration (whether or not they owe taxes) will have to contact the Philadelphia...

Foreign Bank and Financial Accounts Report (FBAR) - Due June 30

IMPORTANT NOTICE:  FAWCO Tax & Banking Disclaimer
FAWCO Club leaders, please also see FBAR-related Important Club FBAR Information.  

In a nutshell - who must file an FBAR:  A United States person that has a financial interest in or signature authority over foreign financial accounts must file an FBAR if the aggregate...

Bank secrecy “obsolete”!

On October 29, 51 countries signed the Multilateral Competent Authority Agreement, signaling their intent to "build a collective exchange of bank accounts, taxes, assets, and income held outside local tax jurisdictions.”  Among other things, the Agreement extends to corporations the kind of mandatory banking transparency called for under FATCA.

For the OECD announcement and a list of the...

Click here to read the report back from the recent FAWCO Tax Info Webinar.

It’s the talk of the town: whether the stories concern people losing access to financial services because of FATCA, scrambling to meet obligations they sometimes didn’t even know about, deciding how best to comply with those obligations without infuriating spouses or business partners, feeling adrift in a sea of incomprehensible instructions or frustrated that the mere fact of living abroad...