There is no shortage of information about Foreign Account Tax Compliance Act (FATCA), and let’s face it, not all of it is positive. FATCA brings about an emotional reaction from expats in particular—many feel that they are unfairly singled out and labelled as tax evaders, simply because they hold accounts and assets abroad. However, it […]
Taxes are not the only thing the US Government tracks when it comes to expats. Foreign financial accounts are also tracked and reported due to FATCA – the Foreign Account Tax Compliance Act. Many rumors and myths fly regarding FATCA, so here is a breakdown of the laws. What is FATCA in Simple Terms? […]
Wondering how FATCA impacts your foreign pension fund? You’re probably familiar with FBAR filings, which require US persons to disclose their holdings in foreign financial institutions. Although some foreign pensions fall within this net, some do not. Find out what you need to do to meet your FATCA reporting requirements. The new FATCA (Foreign Account […]
If you need to file FATCA, first you’ll want to find out some essential information about the filing requirement. Check out our list of FAQs and FATCA reporting requirements below, as compiled by our expert accountants. I received a letter about FATCA reporting requirements from my bank overseas. Why are they contacting me and what […]
In July 2019, a Canadian court in Ottawa rejected a challenge to the lawfulness of mandatory requirements for filing FATCA issued by two dual Canadian-American citizens. This latest dismissal is a setback to the global progress toward repealing FATCA – or at least testing its legitimacy. What Filing FATCA Means to Expats FATCA (Foreign Account […]
File this under things that make you say “hmm.” In 2019, American Expat Financial News Journal reported that Citibank (now known as Citi) ceased service for an undisclosed number of accounts for some of their account holders who live in certain countries overseas. If that sounds vague, it’s because it is. Find out what expats […]
Wow, what a week for expat tax news! The latest news just keeps rolling in, and we’re committed to keeping you posted along the way. This week we’re covering the proposed Tax Reform 2.0, FATCA FAQs, our free guide to 10 Things Tax-Savvy Expats Never Do, and more! The Big Expat Tax News: Tax Reform […]
We’re so excited that Greenback Expat Tax Services been shortlisted for the Thought Leadership Award by the Forum for Expatriate Management! The EMMA (Expatriate Management and Mobility Award) goes to the company that conducted the best survey or research study of the year. We’re thrilled to be the only tax provider in the running for […]
Whether the idea of taxes for expats is completely unfamiliar or you are a champion expat tax filer, you’ll want to find some time in your schedule on Tuesday, July 24, at Noon GMT to attend our webinar. We’ve got the most current information available so you can quiz yourself on whether or not you […]
Thanks for joining us this week for the expat tax news roundup. We’ve got all kinds of timely info to share with you so that you’re all caught up on everything expat-related. From the most interesting findings from our 2018 US Expat Opinion Survey to Greenback Co-Founder Carrie McKeegan’s article in Inc., this roundup has […]
