Thursday, January 16, 2014

States with No State Income Tax

The states listed in this link are great for expats who do not want to worry about their home state trying to collect income taxes though they live and work abroad.  Establishing residency in a tax free syate is good tax planning for expats who live in states with laws that make it difficult to avoid state taxes when an expat,
  http://abcnews.go.com/Business/states-income-tax-us/t/story?id=21490926&ref=http%3A%2F%2Fnews.google.com%2F

Tuesday, January 14, 2014

US BANKS MUST REPORT INTEREST EARNED BY NONRESIDENTS TO IRS WHO WILL SEND TO NONRESIDENT'S HOME COUNTRY

Read details of new reporting here. http://mobile.bloomberg.com/news/2014-01-14/u-s-banks-must-report-foreign-clients-interest-judge.html

Wednesday, January 8, 2014

IRS Video Help

Tax Videos from IRS Available To Help You File in 2014 http://www.irs.gov/uac/Newsroom/Tax-Videos-from-IRS-Available-To-Help-You-File-in-2014

Sunday, January 5, 2014

Fideicomiso IRS Final Filing Suggested With IRS

In June of 2013 the IRS ruled that Fideicomiso property owners no longer had to file forms 3520 and 3520a. It is recommended if you previously filed these forms that you file for 2013 with it marked as FINAL at top and attach a statement referring to the ruling and explaining the forms are no longer required. This will avoid possible letters and fines from IRS when they later find you have not filed the forms!