Thanks for checking in! We made it to the home stretch: only one more week until the June 15th deadline. If you haven’t already filed, now is a great time to get your 2017 US tax year closed out. Read below for five important reminders as we approach the deadline. While you’re here, have a look at the results of our 2018 US Expat Opinion Survey and a glowing customer review.
Greenback Featured in CNBC
Expats, you made the headlines! Our 2018 survey was recently featured in CNBC, specifically the fact that 20% are unaware of the FATCA reporting requirements. Read the full article for details. iExpats picked up the article which you can find here. And Accounting Today provided some fantastic insights as well which you can find here.
The FATCA List Is Here
Speaking of FATCA, a list of the countries with financial institutions that have registered with the IRS this month has been published. Totaling 3,766, these institutions will report the financial information of there American customers.
The June Deadline Approaches for the 2017 US Tax Year
As an American expat, you automatically receive an extension to June 15, 2018, to submit your 2017 US tax year filing. However, did you know that interest on taxes owed has been accruing since April 17th? Read our recent article on the June deadline for more on this, as well as the additional requirements for real estate and business owners, and considerations before deciding to renounce your US citizenship.
Results From the 2018 US Expat Opinion Survey
We would like to thank the more than 3,800 expats who shared their thoughts with us during this year’s survey. So, if you’re one of them, thank you! We tallied the results and can share how the collective expat community feels about expat taxes, financial reporting, and amnesty programs. Read our initial observations and see how your opinions compare to US expats more broadly.
Updates on the Repatriation Tax
The IRS announced that they will waive specific late-payment penalties relating to the Repatriation Tax, an update to the guidance they had recently issued about how the Repatriation Tax would be calculated. Read about the updates to the repatriation tax.
Another Great Greenback Review
Thanks to the Cyriers for the kind words! We always love to hear from our customers.
Love Greenback? Share the Love!
Did you know that if you refer a friend who then completes their Federal Tax Return with us, you get $25 off your next tax services? There’s no limit, so refer away.
Come Back Next Week for More
That’s all we have for now – we’ll be back again next week with the latest tax news. In the meantime, if you need help wrapping up your 2017 US tax year filings or have any other expat tax-related business, don’t hesitate to reach out.