The Foreign Account Tax Compliance Act (FATCA) means that the IRS can hit US Citizens living outside the US with tough penalties for failing to comply with US income tax and information reporting, irrespective of any tax that may be due. In most cases fines start at $10,000, although the punishment can be more severe, so it’s not something to ignore.
For over 40 years we have built up an in-depth technical knowledge of the interaction between the US and UK tax jurisdictions, and guided our clients through complex tax issues like this.
We are now bringing our expertise to some of the larger cities around the country to share our knowledge of the US tax regime. Click on the map below to see when we will be hosting a seminar in a city near you.
Email Samantha.Slaughter@frankhirth.com to RSVP
Do you live in Bristol, Exeter, Reading or Norwich? Our regional seminars are coming to you... ow.ly/Q1Py30fTZfp
What do the deemed domicile rules mean for US individuals? - There have been numerous articles published which address the new ‘deemed dom’ regime which, subject to the 2017 second…
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