International Taxpayers »
Tech Gurus In Search of Greener Pastures
Steve Wozniak, one of Apple’s co-founders, reportedly wants to become an Australian citizen in order to move to the country and set up a nationwide broadband network. There are always tax implications related to
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The Open Championship, A Taxing Golf Tournament
With the British Open…er…The Open Championship getting underway yesterday, now is a good time to review the UK’s taxation rules on non-resident athletes. Not only will the golfers in this week’s tournament be liable
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Senators Looking to Punish Facebook Co-Founder Saverin for Expatriating
When the U.S. Treasury Department published it quarterly statement of individuals who were giving up their U.S citizenship and Eduardo Saverin, co-founder of Facebook, appeared the news quickly reported that Saverin was expatriating to
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Expatriate Tax
Top Takeaways 1: U.S citizens and resident aliens are taxed on worldwide income As a U.S. citizen or resident alien, any income you earn worldwide is generally subject to U.S. income tax, regardless of
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Reporting Foreign Financial Assets in 2011
Taxpayers with foreign financial assets will be using a new filing form to report their information for tax year 2011. Form 8938 (Statement of Specified Foreign Financial Assets) will be filed by certain categories
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Foreign Bank and Financial Account Reporting (FBAR)
Top Takeaways 1: FBAR Applies to US Resident and Citizens FBAR requires any United States resident or citizen who owns a foreign financial account to report some basic information. 2: Account Value Must Exceed
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