U.S. Citizens in Canada InfoShop

2012 Apr 15 – Jolly

 
David Jolly
For Americans abroad, taxes just got more complicated
New York Times (15 Apr 2012)

Print version: International Herald Tribune (16 Apr 2012)

http://www.nytimes.com/2012/04/16/business/global/for-americans-abroad-taxes-just-got-more-complicated.html?_r=1

This article details the requirements and penalties of the new IRS Form 8938 in the context of FBAR and FATCA. “Not even the I.R.S. is certain how many of the estimated four million to six million Americans living abroad will be affected. … Congress’s new focus on Americans abroad suggests it soon will not be possible to just ignore the I.R.S. and hope no one notices.”
 

Written by usxcanada

15 April 2012 at 6:00 am

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