Certain U.S. persons must adhere to the IRS’ requirement of filing various annual information returns regarding foreign financial assets or interests. Failure to do so may result in severe penalties for taxpayers who fail to adhere. U.S. Persons: U.S. persons...
How to File US 1040 Personal Income Tax Returns in Canada (Full Guide) There certainly had significant changes to US tax law over the last few years. These changes have also had a profound impact on the filing of US tax returns for US expats living in Canada. PURPOSE:...
How would the Internal Revenue Service (IRS) find me and identify that I am a Delinquent US Citizen or Green Card holder who did not file the US tax returns for current and/or previous years? According to US tax law (aka Internal Revenue Code) I.R.C.§61(a), US...
What exactly does the phrase “Accidental American” imply? How can you tell if you’re one? Children born in the United States (“U.S.”) are automatically U.S. citizens under the U.S. Federal Citizenship Law. Code. An individual who is a US citizen but is unaware of it...
