Tag: IRS
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Offshore Compliance Programs Generate $8 Billion
IRS Urges People to Take Advantage of Offshore Voluntary Disclosure Programs WASHINGTON—With more than 54,000 taxpayers coming in to participate in offshore disclosure programs since 2009, the Internal Revenue Service today reminded U.S. taxpayers with undisclosed offshore accounts that they should strongly consider existing paths established to come into full compliance with their federal tax…
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Offshore Corporate Structures Under Attack
New OECD attack on corporations means this regulatory non disclosure reporting compliance is more important than ever! With new moves from the OECD to curb corporate tax loopholes imminent, now is a good time to look at diversifying your business and personal financial solutions. OECD unveils plan to close tax loopholes We can help you…
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Why an IRA Registered Foreign Investment Account Works Wonders
Asset Protection Strategy: You centralize your investing in a tax free environment by means of an IRA registered foreign investment account is the important news for you here. Regardless of whether it is for your current holdings only or for your future investments only; if it is emigrating investments out or immigrating investments in, it…
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IRS probes Belize offshore accounts
MIAMI, Florida, USA, Sept. 22, 2015 – “Uncle Sam” has ramped up collection efforts on US taxpayers, including US citizens, Belizeans with dual nationality and green card holders who are believed to be hiding their wealth in offshore jurisdictions in Belize, which has not only been dubbed as a “tax haven” – but has also…
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FATCA Solutions Workshop for Expats
International FATCA Experts from Fairbrook Alliance introduce you to a lesser known, completely legal section of IRS code that does not require full disclosure reporting by US person and US dollar entity. This FATCA registration delivers a massive number of immediate and continuous benefits which are discussed in our workshops. Protect Your Non-US Person Spouse…
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The Day Your IRA/401(k) Dies
October 20th, 2015. That date might not mean much to you now, but it will. The International Monetary Fund (IMF) is expected to meet and announce that it intends to replace the U.S. Dollar as the default reserve currency. What’s that mean for Americans with retirement accounts? It means if your IRA or 401(k) is…
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American’s Living Abroad and FATCA
An American’s Living Abroad, or an Expat as they’re commonly known, now faces radical changes in how they file annual income tax reports because of the new FATCA (foreign account tax compliance) regulations. Amongst the more common questions and concerns relates to owning offshore mutual funds (held but not sold). This brings us to the…