What is the deadline for filing my FBAR?
Generally, the filing due date for FinCEN Form 114 (“FBAR”) is October 15.
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 [...]