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SportsWhat You Need to Know if You Missed the IRS’ June 15 Overseas Taxpayer Deadline
Offshore Account UpdatePosted on June 30, 2021
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Archive by Month: June 2021
United States taxpayers who live in foreign countries have until June 15 to file their income tax returns each year. While the IRS extended the filing deadline for domestic filers in 2021, it did not extend the deadline for filers living abroad. In this article, Boston international tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group, explains what you need to know if you live overseas and are now behind on your U.S. taxes.
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What Foreign Assets Must U.S. Taxpayers Disclose Under FATCA?
Offshore Account UpdatePosted on June 16, 2021
Under the Foreign Account Tax Compliance Act (FATCA), U.S. taxpayers must report foreign financial assets that exceed certain aggregate thresholds to the Internal Revenue Service (IRS) on an annual basis. In this article, Boston tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, explains what qualifies as a “foreign financial asset” for purposes of the annual FATCA reporting requirement.
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