Federal Tax News Post
How does living abroad change your tax picture? As Americans become increasingly mobile, many more taxpayers are living outside the United States or holding foreign investments. Globetrotters may not be aware that their worldwide income is subject not only to U.S. tax, but also to extensive reporting requirements related to their foreign assets. If you’re in this situation, contact our office for assistance to ensure you stay in compliance with the Foreign Account Tax Compliance Act (FATCA) and all other laws.