DASH Tax Blog

January 24, 2019

CRA now transferring 600,000 banking records per year under controversial information sharing agreement

Elizabeth Thompson · CBC News · Posted: Jan 23, 2019 4:00 AM ET | Last Updated: January 23

The U.S. Internal Revenue Service has received information on...

January 17, 2019


The White House and congressional leaders released a framework for tax changes, but many key details have been left to tax committees. Here’s how that process is working. Jeff Dionise, Ramon Padilla, Paul Singer and Herbert Jackson, USA TODAY

The Internal Revenue Servi...

February 5, 2018

On June 26, 2012, the IRS announced new streamlined filing compliance procedures for non-resident U.S. taxpayers to go into effect on September 1, 2012. These procedures are being implemented in recognition that some U.S. taxpayers living abroad have failed to timely f...

February 5, 2018

January 1, 2013 is the effective date of the Foreign Account Tax Compliance Act (FATCA) and with its implementation the associated FATCA disclosures. FATCA ends historical bank secrecy as previously relied on by many US depositors.

In anticipation of FATCA implementatio...

February 5, 2018

New Filing Compliance Procedures for Non-Resident U.S. Taxpayers

The IRS is aware that some U.S. taxpayers living abroad have failed to timely file U.S. federal income tax returns or Reports of Foreign Bank and Financial Accounts (FBARs), Form TD F 90-22.1. Some of thes...

February 5, 2018

http://www.intltaxcounselors.com/blog/?p=10466

February 5, 2018

http://www.cato-at-liberty.org/obama-has-united-the-world-in-opposition-to-bad-u-s-tax-policy/

February 5, 2018

If you are a US person (ie a US citizen or green card holder) and own 10% or more of a foreign corporation (a corporation organized and operating outside the US) you are responsible to file Form 5471 every year. If you own part of a partnership you must file Form 8865.

...

February 5, 2018

Report of Foreign Bank and Financial Accounts (FBAR)

If you have a financial interest in or signature authority over a foreign financial account, including a bank account, brokerage account, mutual fund, trust, or other type of foreign financial account, the Bank Secrec...

February 5, 2018

There has been an amazing amount of hype in the last few weeks about the IRS and the August 31 2011 Deadline for US taxpayers living abroad. At the time you had the opportunity to participate in the IRS voluntary disclosure program. Although that time has come and gone...

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New Filing Compliance Procedures for Non-Resident U.S. Taxpayers

The IRS is aware that some U.S. taxpayers living abroad have failed to timely file U.S...

New IRS Compliance Measures for US Tax Filers

February 5, 2018

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