IRS

North America | 29 May 12

Pension planning considerations for US-linked clients was how a seminar held today in London was billed. But it might as well have been entitled be sure to consult an expert if your US-linked client wants advice on his UK pension.

Tax & Regulation | 10 Jan 12

The Internal Revenue Service said it has “reopened” its offshore voluntary disclosure programme (OVDP) in what it said was an effort “to help people hiding offshore accounts get current with their taxes”.

North America | 15 Dec 11

The Internal Revenue Service said that it plans within days to release new forms intended to enable Americans to begin complying with some of the new reporting requirements being brought in by the Foreign Accounts Tax Compliance Act.

North America | 8 Dec 11

Tax experts with American expatriate clients reacted with considerable interest yesterday to a new IRS clarification that appears to suggest more flexibility, with respect to penalties for failing to file tax returns and Foreign Bank Account Reports (FBARs), than previously had been assumed possible.

Tax & Regulation | 10 Nov 11

American Citizens Abroad, a Geneva-based organisation which represents expatriate Americans around the world, is continuing to push publicly for a relaxation of the US tax authorities recent, rigid and punitive treatment of US expats who have failed to report the existence of their overseas bank accounts.