What is the deadline for filing my FBAR?
The standard FBAR due date has been changed to April 15, beginning with the 2016 calendar year reports, which are due in 2017. This means that your FBAR for 2016 is due on April 15, 2017. The [...]
I received a Form W-8BEN. How do I complete the form?
The main purpose of Form W-8BEN is for individuals to certify that they are not a U.S. citizen (or other U.S. person, such as a resident alien individual). Therefore, Form W-8BEN should be used [...]
I received a letter from my bank, asking me about FATCA. How do I respond?
Under FATCA, foreign financial institutions (i.e. banks, etc.) are required to report information about their clients that are U.S. taxpayers to the U.S. Internal Revenue Service (IRS). Banks may [...]
What is FATCA about?
The Foreign Account Tax Compliance Act (FATCA) was enacted by the U.S. Congress in 2010. FATCA aims to target non-compliance by U.S. taxpayers using foreign (bank) accounts. Under FATCA, foreign [...]