Tags » Foreign Assets

Taxpayers with Foreign Assets May Have FBAR and FATCA Filing Requirements in June

The Internal Revenue Service today reminded all taxpayers with an FBAR filing requirement to report their foreign assets by the June 30 deadline. FBAR filings have risen dramatically in recent years as FATCA phases in and other international compliance efforts have raised awareness among taxpayers with offshore assets. 883 more words

Personal Taxes

Estates of Deceased U.S. Citizens

The US Department of State, through its Bureau of Consular Affairs  has released a very interesting note regarding on what happens if a U.S. citizen dies abroad US territory. 887 more words

General Information

United Russia Proposes a Bill to Seize Property Belonging to Residents of Countries That Introduced Sanctions Against Russia

On October 15, the online edition of „Profile“ magazine published an interview with United Russia’s State Duma representative Evgeniy Fedorov, author of the bill proposing to nationalize foreign assets in Russia in response to the international sanctions targeting its state officials and businessmen. 769 more words