Taxpayer Advocacy Panel – What It Is And Why It Matters
The Taxpayer Advocacy Panel advocates on behalf of US taxpayers to the IRS to identify the issues of importance to them and make recommendations for improving IRS services. Laura Snyder is the only international member of TAP. Here she explains the role and workings of TAP and how taxpayers can contribute. Written by Laura Snyder,...
Don’t Miss the US Tax Compliance Boat – OVDP Ends Sept 2018
If you are an American citizen or green card holder living abroad who has unreported assets and income, time is running out to take advantage of a critical Internal Revenue Service (“IRS”) tax compliance program. Written exclusively for Expat Network by Kevin Sweeney, Senior Counsel, Chamberlain Hrdlicka Here’s why. Effective September 28, 2018, the...
Saudi Arabia Collects New Tax On Expats
From July, Saudi Arabia is collecting a new tax from expats and their dependants, a move that is seen to boost the country’s revenues amid weak oil prices. The new fee will be 100 Saudi riyals (SAR) per dependant per month, around £21 or $27. The amount is expected to increase gradually every year until...
Looking To Transfer Your Expat Pension?
Expats generally have the right to transfer their pension abroad into a qualifying scheme. For some, the benefits of doing so are manifold. However, there are risks, and it’s fair to say that you need to tread very carefully when considering all your options. By James McLeod, Head of Pensions at chartered financial planners AES...
How UK Inheritance Tax Affects Expats
One of the most important financial tasks you have as an expatriate is to plan how and to whom you will leave your assets. It can be a complex process, involving inheritance taxes and succession law of more than one country, but it is vital to have a solid ‘estate plan’ so your estate is...
U.S. Expats: How To Handle Delinquent Tax Returns
US citizens and residents living abroad are still required to annually file a US tax return and pay taxes on their worldwide income. US taxpayers, who have not filed US tax returns each year, are considered delinquent and can face potential civil and criminal penalties from the Internal Revenue Service (IRS). By Anthony N...