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When living abroad, make sure you know you're not 'invisible' to the taxman!

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When-living-abroad,-make-sure-you-know-youre-not-invisible-to-the-taxman!

The Foreign Account Tax Compliance Act (FATCA) has allowed governments to crack down on people trying to avoid their tax liability. Governments around the world are working together to make sure you're paying the taxes you're supposed to. Most financial institutions are reporting financial data to their governments, who are turning information over the IRS. It's best to not avoid your taxes - simply work on a minimization strategy to reduce the amount you'll owe.

Submitted on Oct 13, 2016 - Category: Expat Finance

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GreenbackExpatTaxServices

GreenbackExpatTaxServices

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