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Bitcoin – Coming Back to Bite You?

By Virginia La Torre Jeker J.D., - Monday, April 17, 2017

In November last year, the Internal Revenue Service (IRS) issued a so-called John Doe Summons to “Coinbase”,  the largest digital currency exchange firm in the US and the largest exchanger… Read more…

Treasury Refuses to Simplify FFI FATCA Reporting for Americans Abroad

By Virginia La Torre Jeker J.D., - Thursday, February 23, 2017

Background After extensive research and surveys, the American Citizens Abroad (ACA) determined something had to be done to assist Americans living and working overseas who were being turned away as… Read more…

Ka-Ching! IRS Seeks to Cash in On Bitcoin

By Virginia La Torre Jeker J.D., - Friday, December 16, 2016

In November, the Internal Revenue Service (IRS) issued a so-called John Doe Summons to “Coinbase”,  the largest digital currency exchange firm in the US and the largest exchanger in the… Read more…

Renewing Your ITIN? Here’s Where to Get Help – IRS Tax Tip 2016-2

By Virginia La Torre Jeker J.D., - Thursday, November 17, 2016

I subscribe to IRS updates. IRS sent this newly issued tax tip to me just today. I could not find it online yet, so have reproduced it in its entirety… Read more…

Foreign Corporations Spared in IRS Final “Debt” / “Equity” Regulations

By Virginia La Torre Jeker J.D., - Friday, November 4, 2016

Code Section 385 deals with the classification of certain interests in corporations as either “debt” or “equity” interests. The Code Section was originally enacted over 40 years ago, and later amended… Read more…

IRS Announces New Policy For Individual Taxpayer Identification Numbers / ITINs

By Virginia La Torre Jeker J.D., - Monday, July 7, 2014

What is an ITIN and What is it Used For? An ITIN is a nine-digit tax processing number issued by the IRS for federal tax reporting only. The ITIN is… Read more…

“Foreign” Online Gambling Accounts – IRS Says FBAR Filing is Required

By Virginia La Torre Jeker J.D., - Monday, April 14, 2014

By now, given all the press surrounding “Report of Foreign Bank and Financial Accounts” or so-called FBARs, we all know about what should be reported on an FBAR, right?  Well,… Read more…

UAE Banks Getting Ready to Comply With FATCA – Reporting US Account Holders To IRS Set To Begin

By Virginia La Torre Jeker J.D., - Monday, October 1, 2012

UAE Banks Now Advising Customers of FATCA I just received a copy of correspondence sent from the Head of Personal Banking at a major UAE bank to its clients. The letter makes… Read more…

Renouncing US Citizenship – Set to get Tougher

By Virginia La Torre Jeker J.D., - Monday, May 21, 2012

GIVING UP US CITIZENSHIP –  NEW PROPOSAL TO MAKE IT TOUGHER Following much debate and heated controversy in early America, the US Congress took firm action and granted US citizens the right to expatriate… Read more…

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An up-to-date look at US tax laws for American Expats, foreign investors into the US market or other foreign persons having any US connections. More Info

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