asset reporting

US expatriation tax reporting misunderstandings (covered expatriates, assets)

Have you ever wondered if you truly understand the complexities of US expatriation tax reporting? Many former US citizens and long-term residents find themselves confused, especially when it comes to covered expatriates and their assets. Misundersta…

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Form 8938 FATCA asset reporting (foreign accounts, penalties, compliance)

Have you ever wondered if you need to report your foreign financial assets to the IRS? If you have offshore accounts or investments, understanding Form 8938 and FATCA compliance is crucial to avoid hefty penalties. Many taxpayers find the reporting …

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