FATCA Archives - Page 2 of 5 - FREE Yourself from IRS Problems

Shamsey Oloko January 6, 2017 FATCA, Tax Evasion, Tax Fraud, Tax fraud & evasion, Tax Information Exchange Agreement 0

Another country, Singapore, is automatically exchanging your Information with the IRS.

In an effort to combat offshore tax evasion, the United States and Singapore have pledged to negotiate and sign by the end of 2016 a tax information exchange agreement (TIEA) and a FATCA intergovernmental agreement (IGA) that provides for the…

Shamsey Oloko November 11, 2016 FATCA, FBAR, Foreign Earned Income, Foreign Housing Exclusions & Deductions 0

What Is Foreign Earned Income Under The Tax Code?

IRC § 911(b)(1)(A) provides the definition of “foreign income.” For tax purposes, this provision is important because If certain requirements are met, a taxpayer may qualify for the foreign earned income, foreign housing exclusions and the foreign housing deduction. Under certain…

Shamsey Oloko November 8, 2016 FATCA, FBAR, Foreign Earned Income, Foreign Tax Credit 0

Claiming The Foreign Tax Credit With Or Without Filing Form 1116

Form 1116 relates to foreign tax credits, which are intended to affect taxpayers living abroad. These credits benefit foreign taxpayers by reducing the double tax burden that arises when foreign source income is taxed by both the United States and the…