Internal Revenue Service, IRS
IRS stands for Internal Revenue Service and is often known as the agency that collects taxes. But what else do they do? How did they start
What is FATCA?
The Foreign Account Tax Compliance Act or FATCA is essential reading for US expats. The rules are aimed at stamping out tax evasion by American
Too Much Tax Leads To Expats Returning US Passports
Red tape and the long arm of the US Internal Revenue Service are forcing one in five American expats to consider giving up their passports.
Transition Tax Stumps Accidental Americans And Expats
Tax is getting a little complicated for expat American business owners. An unintended result of President Donald Trump’s Tax Cuts and Jobs Act is a
IRS To Close Door On OVDP For Offshore Tax Dodgers
US taxpayers who have failed to declare their offshore money will lose the chance to confess to the Internal Revenue Service later this year. The
IRS Wants To Tax Millions Of Bitcoin Trades
American Bitcoin traders are in the sights of the Internal Revenue Service for failing to report their trading gains. The IRS considers tax on a
US Expats Must Not Shun FATCA Obligations
Behind the scenes campaigning and election pledges that are yet to come to fruition do not mean US expats can ignore FATCA. Lobbyists have joined
Why Are Americans Giving Up Their Passports?
Record numbers of taxpayers are giving up their US passports – but no one is sure why or even if they are Americans or why
Tax Money Wasted On Blunders
Tax authorities are spending millions on unnecessary technology and training while accused of cutting jobs and customer services to the bone. Just this week, the