The list below is a collection of articles that refer to, mention or discuss the IRS or Internal Revenue Service
Tag: IRS
FATCA List – November 2019
The US Internal Revenue Service’s list of foreign financial institutions reporting under the Foreign Account Tax Compliance Act (FATCA) increased by 1,500 to 347,162...
IRS Set To Cancel Passports For US Expats With Tax Debts
Thousands of US expats with large tax debts may be stranded overseas when they lose their passports from this month, warns the Internal Revenue...
IRS Changes Tax Rules For Accidental Americans
Accidental Americans trading in their US passports have been offered a lenient tax deal.
The Internal Revenue Service (IRS) has agreed to wipe the tax...
Taxpayer Launches UK FATCA Legal Challenge
Britain is the latest country to become embroiled in a data protection legal challenge aimed at thwarting US tax laws that raise money from...
FATCA List – September 2019
The US Internal Revenue Service’s list of foreign financial institutions reporting under the Foreign Account Tax Compliance Act (FATCA) increased to 343,676 in July...
France Fumes Over FATCA Demands From The IRS
The French and US tax authorities are in a war of words over collecting financial information about 40,000 accidental Americans living in the country.
The...
IRS Admits $100m Error Over Expats Taxes After 11 Years
The US tax man has finally admitted wrongly demanding millions of dollars from Americans living in France after a seven-year legal battle.
The Internal Revenue...
FATCA Fight Will Carry On, Vow Repeal Campaigners
The fight to block the US Foreign Account Tax Compliance Act (FATCA) is unfinished despite defeat in the Supreme Court, vow opponents of the...
IRS Snatches Passports From Taxpayers In Debt
It’s not a good time to be American expat and owe the Internal Revenue Service money as the tax man moves to snatch back...
Banker Admits Fraud In First FATCA Prosecution
US federal authorities are celebrating the first successful prosecution under the Foreign Account Tax Compliance Act (FATCA).
Adrian Baron, former chief executive and chief business...
Greater Numbers Of US Expats Hand Back Passports
More Americans are cutting their ties with home than ever before because of tough tax rules imposed by the US government.
Since the Foreign Account...
Euro MPs Want To Protect Accidental Americans Against FATCA
Accidental Americans chased by the US Internal Revenue Service for unpaid taxes have won support from the European Parliament’s largest group of politicians.
The Socialists...
Watchdog Raps IRS For FATCA Compliance Blunders
Government spending watchdogs have slammed the US Internal Revenue Service for compliance blunders while spending hundreds of millions of dollars on the Foreign Account...
How To Tell If You Are An Accidental American
If you are an American and don’t know it, you could be in for a shock when an unexpected tax bill comes through the...
US Expats Show Shocking Ignorance Of FATCA
Expat Americans know shockingly little about laws that require them to report their overseas savings and investments.
The Foreign Account Tax Compliance Act (FATCA) was...
Accidental Americans Financially Frustrated By FATCA
Strict tax rules governing US taxpayers who live abroad are highlighting the plight of Accidental Americans in some countries.
Accidental Americans are people who have...
Repeal FATCA Appeal Rejected By US Supreme Court
A legal challenge claiming a US tax law aimed at uncovering hidden offshore earnings and investments violated constitutional rights has been thrown out again...
Trump’s Tax Reform Does Little For Expats
US President Donald Trump has made a lot of noise about his tax reforms - but what do they mean for American expats?
The answer...
FATCA List – November 2017
The US tax man has had a shake out of foreign financial institutions that have signed up to the Foreign Account Tax Compliance Act.
In...
FATCA List – October 2, 2017
More than half the foreign financial institutions on the IRS FATCA reporting list come from just six countries.
Out of the 294,173 registered institutions, 157,176...