Category: Foreign Assets

How to File an FBAR for Previous Tax Years

FBAR

Immersing yourself into different cultures overseas can be adventurous, but if you’re not careful, you could come back to the states to find yourself out of compliance with the IRS. The United States and Eritrea, a country located on the northeastern coast of Africa, are the only two countries in the world that base their… Read more »

What US Expats Should Do with an Australian Superannuation

As a general rule, non-US retirement plans are tricky for US citizens. And you won’t find a trickier example than an Australian superannuation. If you participate in one already, in this article I’ll give you a few friendly suggestions regarding this unfriendly subject. But first, the two big reasons that superannuations are so tricky in… Read more »

Don’t Ignore Your Bank’s “Know Your Customer” FATCA Letter

Do you have US citizenship and a non-US bank account? By now you might have received a FATCA letter from your foreign bank asking about your US tax filing status. Why does your British (or German, or Australian, or wherever) bank care about whether or not you are following US tax rules? The short answer… Read more »