Us tax

The net investment income tax is a new tax charged at a flat rate of 3.8% which will apply for the first time on Federal income tax returns for 2013. This is a charge in addition to your Federal ...

Highlights:

The net investment income tax, which applies for the first time from Jan 1 2013, imposes a rate of 3.8 percent to certain net investment income of individual estate and trusts that have income over ...

In June the Supreme Court heralded the way for change. The Defense of Marriage Act (DOMA) was deemed unconstitutional; marriage should no longer refer to the union between a man and woman only.

The IRS has recently introduced the Streamline Voluntary Disclosure programme. This scheme has been offered as something akin to an olive branch. Its aim is help those US citizens residing outside ...

As reported in the Wall street Journal last week, figures show the number of US citizens renouncing their citizenship is on the rise.

Draft forms received

The IRS has received for public comment, draft versions of three forms which will be required in the compliance with FATCA. This is a much anticipated move that many ...

Form TD 90-22.1 FBAR

This is a reminder that, the deadline for filing the 2012 Report of Foreign Bank Accounts (FBAR) is 28 June 2013. If you would like assistance with your taxes please contact the ...

For US citizens and resident aliens residing overseas the due date for tax filing is fast approaching.

A guide to coming clean to the IRS and getting up to date with your taxes

Fix it, fix it quickly, and don’t do it again. That’s what an IRS agent once said to me when I asked her how I can help my ...